The Canadian Dollar (CAD) continues to struggle against the US Dollar (USD), with its performance this year lagging behind only the Japanese Yen (JPY) and the New Zealand Dollar (NZD). Commerzbank's FX analyst, Michael Pfister, highlights that the CAD has faced significant weakness in recent months, indicating a challenging environment for traders looking to capitalize on potential recoveries in the currency pair.
Market sentiment currently leans towards further USD weakness, which could provide some relief for the beleaguered CAD. However, despite this hopeful outlook, the Canadian currency's exchange rate remains under pressure, leading to cautious trading strategies among investors. As the forex market evolves, the implications of USD fluctuations will be critical in shaping the future trajectory of the CAD and its performance against other major currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-11-12 11:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.