Today the USD/CAD is trading on 1.3686. The dollar has sold off in early European trade today as investors are no longer taking it as a safe haven and only
USD/CAD 1.3686, -0.0083, -0.60%
Today the USD/CAD is trading on 1.3686. The dollar has sold off in early European trade today as investors are no longer taking it as a safe haven and only a few investors are seeking it as. This is because people have been hopeful and positive about the global recovery after being affected by the pandemic and many countries have been reopening and getting back to normal. To add on the reason why the U.S dollar is no longer the safe haven for investors is that Trump did not tighten or put any sanctions on China’s Phase 1 of trade as he had vowed.