USD/CAD Moves Toward Multi-year Highs Above 1.4400 Due To Risk Aversion, Lower Oil Prices
December 20, 2024 at 08:25 AM EST
USD/CAD appreciates toward 1.4467, the highest level not seen since March 2020. The US Dollar strengthened as the Fed may adopt caution regarding additional rate cuts. The commodity-linked CAD struggles due to declining crude Oil prices.
