USD/CAD rises to 1.3265, up 0.36%, during the early Monday’s trading session. In doing so, the pair repeats its recent pattern of alternating gains with losses amid fears of coronavirus spread outside China.
Not only South Korea’s raising of the national threat level to “red alert” but a speedy run-up in Italy’s coronavirus cases from three on Friday to 140 (as per the latest Bloomberg piece) also portray the outbreak of Chinese disease.