The USD/CAD currency pair regained some ground during the Asian trading session on Monday, trading around 1.3980. This rebound comes despite the release of positive Canadian GDP data, which typically strengthens the Canadian dollar. However, the potential for further gains in the exchange rate appears limited as market sentiment shifts towards increasing expectations of a U.S. Federal Reserve rate cut this month.
As investors weigh the implications of the Fed's potential policy adjustments, the outlook for the USD remains clouded. The current trading environment suggests a cautious approach as participants monitor economic indicators from both the U.S. and Canada. The interplay between these factors will be crucial in determining the future direction of the USD/CAD pair, particularly as traders assess the balance between domestic growth signals and monetary policy shifts.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 05:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.