US Dollar Beats Canadian Dollar In A New Currency Overhaul
The US dollar has sparked a major rally against a basket of currencies this week. The USD rally was primarily sparked by the Federal Reserve’s decision to cut rates by 25bps, bolstering momentum for the dollar to take charge of. This development has led USD to exude prestige over other currencies, crushing currencies like INR and Canadian dollars in the process. Also Read: Ripple: Here’s What XRP’s Immediate Price Target Is? Canadian Dollar Goes For A Toss Source: PlanetSpark The US dollar has emerged stronger on all fronts as it recently sparked a rally, defeating its global peers in the process. Per the Kobeissi Letter, the US dollar has managed to beat the Canadian dollar for the first time since March 2020, ushering in a wave of change in the recent currency dynamics. For the first time since March 2020, one USD is now worth $1.44 Canadian dollars, as currency dynamics continue to evolve with new elements setting in. “For the first time since March 2020, $1.00 US Dollar is now wort...