Ella 
On Friday in Asia, USD/CAD pared intraday gains and traded around 1.3780. However, USD/CAD found upside support as the safe-haven dollar strengthened following news that an Israeli missile struck a site in Iran, exacerbating tensions in the Middle East. However, Iranian media dismissed reports of foreign attacks on Iranian cities, including Isfahan.
According to Reuters, citing Iran’s Fars news agency, locals said they heard explosions at Isfahan’s central airport. However, the cause of the explosion remains unknown.
Rising crude oil prices provided some support to the Canadian dollar as Canada is the largest oil exporter to the United States. As of press time, WTI oil prices were trading at $83.80. Crude prices rose after U.S. officials confirmed an Israeli missile hit a site in Iran.
On the U.S. dollar, a hawkish message from Federal Reserve officials on Thursday sent U.S. Treasury yields and the U.S. dollar soaring, supporting the USD/CAD pair.
