The USD/CAD currency pair is experiencing upward momentum, trading above the 1.4000 level for the second consecutive day during European morning sessions. This movement reflects a weakening Canadian Dollar amid a slowdown in oil recovery, which is a key driver for the Canadian economy.
As the exchange rate continues to climb, market participants are closely monitoring the impact of oil prices on the CAD. With the US Dollar showing resilience, traders may look for further opportunities as fluctuations in the energy market could influence future trading strategies for this pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.