The USD/CAD currency pair saw modest gains, trading around 1.4030 during the Asian session on Friday. This upward movement comes as lower crude oil prices weigh on the Canadian dollar, making the USD more attractive in the current market environment. However, potential gains for the Greenback may face limitations as traders increasingly anticipate further monetary easing from the US Federal Reserve in the upcoming month.
As market participants adjust their positions, the exchange rate reflects broader economic sentiments. The expectation of a dovish Fed could temper the Greenback’s strength, even as it holds above the critical level of 1.4000 against the Canadian dollar. The interplay between crude oil prices and US monetary policy will continue to influence trading dynamics for the USD/CAD pair in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 04:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.