Canadian Dollar steadies as US Dollar firms on safe-haven demand

Canadian Dollar steadies as US Dollar firms on safe-haven demand

USD/CAD remains flat following a three-day winning streak, trading around 1.3700 during the Asian hours on Friday. The pair steadies as the US Dollar (USD) maintains its position as safe-haven demand increases amid persistent uncertainty surrounding the United States (US)–Iran conflict. Bloomberg reported on Thursday that the US military intercepted two Iranian oil supertankers attempting […]

US eyes targeting Iran’s Hormuz defenses if no ceasefire — CNN

US eyes targeting Iran’s Hormuz defenses if no ceasefire — CNN

US military officials are developing new plans to target Iran’s capabilities in the Strait of Hormuz in the event the current ceasefire with Iran fails, CNN reported on Thursday. According to multiple sources familiar with the matter, the options, among several sets of target types under consideration, include strikes with a particular focus on “dynamic targeting” of […]