CAD/USD is trading lower amid an increase in the US dollar as Treasury yields rise.
Portfolio Pulse from Benzinga Newsdesk
The CAD/USD exchange rate is trading lower due to a strengthening US dollar, which is being driven by rising Treasury yields.
April 01, 2024 | 8:04 pm
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The CAD/USD exchange rate is experiencing a decline as the US dollar gains strength, influenced by an increase in Treasury yields.
The CAD/USD exchange rate is directly impacted by the strength of the US dollar. As Treasury yields rise, investors are likely to flock to the dollar for higher returns, causing the CAD/USD rate to decline.
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