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The US dollar rose on Monday after the Trump administration expanded secondary sanctions on Iran and announced new tariffs on Canadian goods. The loonie dropped after the tariff announcement.
The dollar had earlier posted its third weekly decline in four, reaching three-month lows.
Expanded Iran sanctions and new Canadian tariffs both affect energy and trade flows. A stronger dollar raises the cost of dollar-priced feed imports across markets.
ca.marketscreener.comReutersAug 24, 2026After 89 past bullish geopolitics events, US Dollar (Broad) moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
