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The Most Dominant Force in Forex Market Right Now:Risk-Aversion!

As crude oil prices rise on the looming military strike on Syria, the Canadian dollar, Swiss Franc, Yen, and the U.S. dollar are all doing well. For example, investors see Canada as a safe haven for oil supply if the Middle East implodes. Canada’s largest export is oil. Risk-aversion is the name of the game right now. The U.S. dollar is seen as the most safe play at the moment until the mess in Syria blows over.  Expect the dollar to continue to rise in the coming weeks as the bombing campaign in Syria will last for days according to news sources.