USD/CAD 1.3951, +0.0012, +0.12%
Today the USD/CAD currency pair is trading on 1.3951. The U.S. dollar pushed higher in early European trade today this was caused by doubts over the potential vaccine of Moderna for the treatment of coronavirus. There was a report that was announced from the medical news website called STAT which stated that a U.S Drugmaker company Moderna (NASDAQ:MRNA) provided insufficient data to assess the vaccine’s success. This forced investors to return back to the US dollar that they have dumped as the safe haven as the report depressed the hopes of a potential cure for the virus.