The USD/CAD pair is approaching multi-year highs above 1.4400 as a result of risk aversion and lower oil prices. This movement is driven by investors seeking safer assets amid market uncertainty. The Canadian dollar has been particularly affected by the decline in oil prices, which is a key export for Canada. As a result, the US dollar has strengthened against the Canadian dollar, pushing the pair higher. This trend is expected to continue as long as risk aversion and lower oil prices persist in the market.
Subscribe
Login
0 Comments