The Canadian Dollar (CAD) continued its upward trajectory against the US Dollar (USD) on Tuesday, marking a second consecutive day of gains. The CAD/USD exchange rate benefited from a shift in market sentiment following recent threats from President Trump regarding the potential acquisition of Greenland. As traders reacted to this geopolitical tension, the USD weakened, prompting a sell-off in the Greenback.
Market analysts noted that the CAD's strength could further be supported by ongoing positive economic indicators from Canada. With the USD’s decline, the CAD/USD pair showed resilience, reaching a trading level of 1.3200. As investors navigate the implications of geopolitical risks, the USD's performance against other currencies, including the Euro (EUR), will also be closely monitored for potential shifts in trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 20:11
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.