The USD/CAD currency pair is trading firmly above the pivotal support level of 1.3800 as market participants eagerly await the Federal Reserve's upcoming decision. This movement reflects a stable outlook for the Canadian Dollar (CAD), especially with the Bank of Canada anticipated to maintain its interest rates at 2.25%.
Swaps are indicating a potential 25 basis point hike in rates over the next year, which could further bolster the CAD, suggesting that traders are positioning themselves for stronger performance in the Canadian economy. As the Fed's decision looms, fluctuations in the exchange rate could intensify, making it a critical period for Forex trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 10:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.