Today the currency USD/CAD is trading on 1.3921. The U.S. dollar sold off in early European trade today and this was because they have been positive news
USD/CAD 1.3921,-0.0063, -0.44%
Today the currency USD/CAD is trading on 1.3921. The U.S. dollar sold off in early European trade today and this was because they have been positive news about the vaccine for Covid 19 from a biotechnology Company called Novavax and also they have been positive news of the global recovery as the countries and businesses continue to reopen as the cases of coronavirus cases continue to go down. The drop -off in the coronavirus cases led the Japanese government to end its state of emergency These positive results and reopening of economies made investors start to flee from the U.S dollar as the safe haven.