The USD/CAD currency pair is trading 0.12% lower, hovering around the 1.4030 level during the Asian session on Monday. This decline comes amid ongoing discussions to avert a U.S. federal government shutdown, which has influenced market sentiment. As a result, the Canadian Dollar (CAD) has gained traction, outperforming most of its peers, with the exception of the antipodean currencies.
The recent release of positive Canadian labor market data for October has further bolstered the Loonie, enhancing its appeal among investors. As traders assess the implications of this data alongside U.S. political developments, the USD/CAD exchange rate could remain under pressure, reflecting the strength of the CAD in the face of mixed economic signals from the U.S.
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Data Source: FX Killer Analysis Team Updated: 2025-11-10 04:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.