Canadian Dollar weakens as safe-haven flows boosts USD; Oil surge caps gains for USD/CAD
The USD/CAD pair attracts fresh buyers at the start of a new week and reverses a major part of Friday's losses to the 1.3625 area or a nearly two-week low. Spot prices trade around the 1.3665-1.3670 region during the Asian session, up 0.15% for the day.
The US Dollar (USD) shot to a fresh high since January 23 in reaction to the US and Israel strikes against Iran over the weekend, which raises concerns of a broader conflict in the Middle East. This, in turn, triggered a fresh wave of the global risk-aversion trade and forced investors to take refuge in traditional safe-haven assets, including the USD, providing a modest lift to the USD/CAD pair.
Meanwhile, Iran attacked several ships passing through the Strait of Hormuz, fueling concerns about near-term disruptions in oil markets and pushing the black liquid to its highest level since June 2026. This offers some support to the commodity-linked Loonie and might keep a lid on any further appreciation for the USD/CAD pair, warranting some caution for bullish traders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin Price Targets Point to Six 2027 Levels
The AI frenzy withstands the "5% US Treasury yield"! Nasdaq hits new highs, strengthening the "80/20" pattern as Wall Street reassesses stock-bond allocation
The 30-year US Treasury yield briefly reached about 5.53%, hitting its highest level since 2004, while Brent crude remains above $100 per barrel. Risk assets have once again withstood the pressure, reflecting investors' continued belief that the commercialization of AI applications and corporate profit growth can to some extent offset the impact of rising financing costs and discount rates.
AI infrastructure hits a "wall"! Marvell: Copper interconnects and memory bottlenecks become key to the next stage of computing power expansion
The AI computing power competition is evolving into a system-level game encompassing interconnection and memory. According to Marvell executives, inference models have driven KV cache growth by about 10 times in nine months, and rack-level memory can no longer meet demand. Copper connections are approaching their limits, making optical interconnection and memory expansion core to computing power growth. Customization has become an industry trend, and Marvell is set to benefit from its expertise in analog SerDes, photonic fabric memory, and end-to-end customization.
Which Top RWA Tokens Have the Most Real-World Use in 2026?
Crypto prices
More
