Currency Volatility Following Israel-Iran Conflict: Canadian Dollar Spikes Before Decline After Attack
In the days leading up to the Israeli attack on Iran on October 25, 2024, the Canadian dollar, along with other major foreign currencies, saw significant price fluctuations. Initially, starting on October 19, a surge in demand for foreign currencies occurred, peaking just before the attack. Following the conflict, however, the market began to stabilize, and foreign currency values started to decline.
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