The USD/CAD currency pair is trading near its weekly low at around 1.4030 during the Asian session on Thursday, reflecting ongoing selling pressure. The US Dollar continues to exhibit weakness, primarily driven by solid expectations that the Federal Reserve will implement another interest rate cut later this year, which is impacting the exchange rate negatively.
As traders adjust their positions in response to these Fed rate cut bets, the Loonie remains resilient against its US counterpart. The combination of a fragile USD and supportive market sentiment for the Canadian Dollar suggests potential volatility ahead, with market participants closely monitoring economic indicators and central bank signals that could influence future trading dynamics in this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 03:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.