USD/CAD 1.3462, +0.0050, +0.38%
The USD/CAD today is trading on 1.3462. The dollar pushed higher in early European trade with investors looking forward to going back to the US dollar as the safe haven after the Federal Reserve’s announced that the economy of the U.S is gonna take years to recover after being hit by the pandemic. The U.S. central bank projected late Wednesday that the U.S. economy would shrink 6.5% this year and the unemployment rate would be 9.3% at year's end. This sent investors out of stocks and heading to the dollar.