USD CAD Hits Multi Year Highs Near 1.4250 Amid Tariff Concerns
USD CAD extended its rally, achieving a fresh multi-year high of 1.4239 during Asian trading hours on Friday. This upward movement has been driven by fears surrounding tariff threats from the Trump administration, significantly strengthening the US Dollar across markets. The tariff concerns represent challenges for risk-sensitive currencies like the Canadian Dollar (CAD). Understanding these dynamics is crucial for traders as they navigate potential volatility moving forward.
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