The USD/CAD currency pair is trading near two-week highs as the US Dollar remains resilient, even amid increasing expectations for Federal Reserve rate cuts. Currently, the exchange rate reflects a solid performance from the Greenback, which has managed to offset the pressures that typically accompany dovish monetary policy forecasts.
Traders are closely monitoring the dynamics between the USD and CAD, with the Canadian Dollar struggling to gain traction. The market sentiment indicates a cautious outlook as investors weigh the implications of potential Fed rate cuts against the backdrop of a strong US economy. This positioning suggests that while the CAD faces headwinds, the USD continues to assert its strength in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 16:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.