Canadian Dollar edges lower against Greenback as risk-off flows dominate ๐๐จ๐ฆโก๏ธ๐บ๐ธ
The Canadian Dollar weakened slightly against the US Dollar as investors moved toward safer assets amid cautious market sentiment ๐โ ๏ธ. When โrisk-offโ mood takes over, traders often favor the Greenback ๐ต due to its safe-haven appeal, putting pressure on commodity-linked currencies like the Loonie ๐ข๏ธ. Softer oil dynamics and global uncertainty also contributed to the pullback, keeping USD/CAD tilted upward in the short term ๐.
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