The USD/CAD currency pair experienced a slight uptick, trading near the 1.3855 level during the Asian session on Wednesday. As traders prepare for the upcoming monetary policy decisions from both the Bank of Canada (BoC) and the Federal Reserve (Fed), market sentiment remains cautious. This movement reflects investors' anticipation and positioning ahead of potential shifts in interest rates and economic outlooks.
The exchange rate's movement towards the 1.3850 mark indicates a potential consolidation phase, as participants weigh the implications of central bank signals on future monetary policy. The interplay between the USD's strength and the CAD's performance, particularly in light of oil prices and domestic economic data, will continue to influence the dynamics of this currency pair in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 04:07
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.