The USD/CAD currency pair remains stable above the 1.4050 level, currently trading around 1.4060 in the early European session on Thursday. Market participants are closely monitoring the upcoming US Nonfarm Payrolls (NFP) data, which is anticipated to offer insights into the likelihood of an interest rate cut by the Federal Reserve in the coming month.
As traders weigh the implications of the NFP report, volatility in the exchange rate could increase depending on the data's performance. A stronger-than-expected jobs report might bolster the USD, while weaker figures could heighten speculation regarding potential rate cuts, influencing the USD/CAD pair's trajectory and overall market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-11-20 06:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.