The USD/CAD currency pair is trading flat around the 1.3950 level during the Asian session on Friday. This stability comes as the Loonie remains confined within Thursday's trading range, reflecting cautious sentiment in the market. Traders are closely monitoring the exchange rate as they await the upcoming Canadian employment data for November, set to be released at 13:30 GMT.
Market participants are poised for potential volatility in the USD/CAD exchange rate, depending on the labour market figures. A stronger-than-expected jobs report could bolster the Canadian dollar, while disappointing data may lead to a shift in momentum, favoring the U.S. dollar. Overall, the anticipation surrounding the labour market data continues to shape trading activity in this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 04:02
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.