The Canadian dollar is currently lagging behind its G10 peers amid ongoing geopolitical tensions, as reported by multiple sources. Analysts have noted that the Canadian dollar is maintaining a distance from its recent 4.5-year low. A recent poll indicates that the Canadian dollar is expected to edge 0.3% higher to 1.4034 USD in three months, compared to a previous prediction of 1.36 USD in November. In the longer term, the Canadian dollar is forecasted to gain 0.4% to 1.4020 USD in 12 months, up from 1.32 USD in the November poll. Meanwhile, the euro has dropped to its lowest value in two years, trading at $1.033, driven by political instability in France and Germany. Analysts predict that the euro will not reach parity with the dollar in the next three months, with a forecast of $1.05 compared to $1.10 in a prior poll.