USD/CAD is experiencing downward pressure, currently trading around 1.3940 as traders anticipate the release of Canada’s November labor force survey. Analysts predict modest job losses, which could influence the exchange rate further. The outlook for the Bank of Canada suggests that rate cuts may be on hold, adding to the currency pair's volatility in the near term.
Additionally, ongoing discussions regarding the USMCA could pose further risks to the Canadian economy. With these developments, market participants are closely monitoring the potential impacts on the CAD, as any significant changes in employment data could shift trading strategies. The USD remains firm, but uncertainty surrounding Canadian economic performance could lead to heightened volatility in the USD/CAD exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.