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Forex

Canadian Dollar Rallies Amidst Ongoing Iran-US Tensions

Guavy AI Editorial Team
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USD CAD
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The Canadian dollar has been trading higher recently due to contradictory reports on the Iran and US ceasefire talks.

Traders are cautious ahead of Friday's US NFP numbers, which could impact the currency pair. The USDCAD opened at 1.4036, with a range of 1.3996-1.4066 since Friday's close.

The Canadian dollar has been affected by the ongoing Iran and US tensions, with prices continuing to react to every headline and tweet. Canada's trade surplus is expected to decline to $3.0 billion from $4.24 billion in May.

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