USD/CAD Rallies as Safe-Haven Demand Boosts US Dollar

The USD/CAD pair has bounced back to the mid-1.3600s, recovering from sub-1.3600 levels. This movement is primarily driven by increased safe-haven buying of the US Dollar. As market conditions shift, the pair has reversed much of the previous day’s losses.

This resurgence highlights how external factors, such as geopolitical tensions and market sentiment, can significantly impact currency movements. Traders are advised to stay informed about these developments to make accurate predictions.

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