Canadian Dollar struggles due ongoing safe-haven demand
USD/CAD gains ground after being nearly flat the previous day, trading around 1.3690 during Asian hours on Tuesday. The pair is seeing renewed upward pressure as the US Dollar (USD) strengthens on the back of intensifying geopolitical risks.
The USD/CAD is likely to continue its upward trend as safe-haven demand for the US Dollar increases due to geopolitical tensions. Traders may see further gains in the pair as market sentiment shifts.
USD/CAD gains ground after being nearly flat the previous day, trading around 1.3690 during Asian hours on Tuesday. The pair is seeing renewed upward pressure as the US Dollar (USD) strengthens on the back of intensifying geopolitical risks.
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