The USD/CAD currency pair continues to exhibit weakness, trading around the 1.3800 level during the Asian session on Monday. This marks a struggle for the pair as it hovers near an 11-week low, reflecting ongoing bearish sentiment in the market. Investors are closely monitoring this exchange rate ahead of the upcoming monetary policy decisions from both the Federal Reserve and the Bank of Canada.
Market participants are poised for potential volatility as the Fed and BoC prepare to announce their policy directions, which could significantly influence the USD/CAD exchange rate. Speculation about interest rate changes and economic indicators from both central banks adds to the cautious approach of traders, who are weighing the implications for future trading strategies in this key currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 04:07
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.