The Canadian Dollar (CAD) is under pressure against the US Dollar (USD) on Monday, reflecting increased volatility in the forex market. The exchange rate has been influenced by geopolitical developments, particularly following the US military's capture of Venezuelan President Nicolas Maduro over the weekend. This has bolstered the Greenback, as traders respond to the implications of heightened tensions in the region.
As a result, CAD/USD has seen a notable decline, with market participants favoring the safety of the USD amid uncertainty. The shift in trading sentiment reinforces the USD's strength, while the Canadian Dollar struggles to maintain its footing. Analysts are closely monitoring the situation, as ongoing developments could further impact the currency pair and overall market dynamics in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 15:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.