The USD/CAD currency pair is currently trading with a negative bias around the mid-1.3800s, unable to build on a solid recovery experienced earlier. After hitting a low of 1.3800, the lowest level since September 22, the pair has edged lower during the Asian session on Tuesday. This downward movement reflects broader market sentiments and ongoing pressures.
The recent threat of tariffs from former President Trump has limited further losses for the USD/CAD exchange rate. Traders are closely monitoring these developments, as any escalation could impact the Canadian dollar's strength against the US dollar, influencing trading strategies in the forex markets. As the situation unfolds, market participants remain cautious, weighing the potential implications for both currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 03:06
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.