Canadian dollar extends weekly decline as investors pursue safe havens

The Canadian dollar weakened to a two-month low versus the U.S. dollar as investors increased demand for the greenback. The move was driven by safe-haven flows amid the Middle East war, with market participants awaiting signs of de-escalation that could reverse the dollar's strength.

Analysis

The Canadian dollar weakened to a two-month low versus the U.S. dollar as investors increased demand for the greenback. The move was driven by safe-haven flows amid the Middle East war, with market participants awaiting signs of de-escalation that could reverse the dollar's strength.