Investors are pulling back from risky bets, and the ripple effects are showing up in currency markets. The Canadian dollar just hit a one-month low as capital flows shift toward safer havens. When money rotates out of risk assets—whether it's tech stocks, emerging markets, or crypto—you typically see risk currencies weaken first. Right now, the CAD is reflecting that broader market sentiment: rising uncertainty, tighter liquidity, and a flight to traditional safe-harbor assets. Worth watching how long this rotation lasts and whether it signals a deeper pullback across all risk categories.