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USD/CAD rose toward 1.3900 in Asian trade on March 29, its highest level in over two months, as fears of escalation in the Middle East war boosted safe-haven demand for the US dollar. A WSJ report of 10,000 additional US troops heading to Iran added to tensions.
Safe-haven USD demand pressures the loonie, which can make Canadian oilseed meals cheaper on world markets, while the geopolitical escalation keeps energy and vegetable oil prices elevated.
fxstreet.comSagar DuaMar 29, 2026Not enough comparable past events yet for a historical read.
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.
