USD/CAD Breaks Above 1.3700 as Israel-Iran Tensions Drive Safe Haven Flows
Key Points
- The USD is benefitting from escalating geopolitical tensions...
The dollar just pulled off its favorite party trick again: when the world gets messy, everyone suddenly wants to be America's best friend. This time, it's the escalating Israel-Iran conflict that's got traders reaching for their security blankets, and the USD/CAD pair is the star beneficiary, smashing through the mid-1.3700 level like it's breaking down a door.
Since mid-June, the greenback has been flexing harder than a gym influencer, thanks to the US administration's decision to target Iranian nuclear facilities. Nothing says "geopolitical stability" quite like military strikes, and nothin...
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