Canadian dollar recovers from two-month low; speculators cut bullish bets

The Canadian dollar edged higher versus the U.S. dollar on Monday, recovering from an earlier two-month low as investor gloom around the Middle East war subsided. The modest rebound signals reduced risk aversion that may support the commodity-linked CAD, though the move is limited and unlikely to drive broad market shifts.

Analysis

The Canadian dollar edged higher versus the U.S. dollar on Monday, recovering from an earlier two-month low as investor gloom around the Middle East war subsided. The modest rebound signals reduced risk aversion that may support the commodity-linked CAD, though the move is limited and unlikely to drive broad market shifts.