In recent days, the Canadian dollar has reached a two‑month high versus the US dollar, driven by growing investor skepticism over the possibility of harsher trade tariffs as originally announced by former US President Donald Trump. The latest developments suggest that the outlook for trade measures might be less aggressive than previously feared, contributing to a stable uptick in the Canadian currency.
On Monday, the Canadian dollar experienced a slight decline relative to the US dollar. Trading at 1.4310 CAD per 1 USD — equivalent to 69.88 US cents — the currency fell by 0.1% amid fluctuations ranging between 1.4289 and 1.4379.
The Canadian dollar $CADUSD has been experiencing a noticeable decline against the US dollar in recent months. The dynamics of the currency market remain influenced by several factors that are essential to understanding the current situation.
