commodity currencies

Toronto (Rajeev Sharma): The Canadian dollar traded largely flat against its US counterpart on Thursday, hovering near a one-month low as rising geopolitical uncertainty pressured commodity-linked currencies and investors waited for key domestic employment data. The loonie was last seen at 1.3865 per US dollar, or 72.12 US cents, after touching its weakest intraday level since December 5 at 1.3888. Market analysts attributed the muted movement to a broader shift in risk sentiment. With global tensions increasing, investors have been trimming exposure to risk-sensitive currencies such as the Canadian dollar. Canada’s heavy reliance on commodities, particularly oil, has added to…