The USD/CAD currency pair has faced continued pressure, marking its fourth consecutive day of losses as it trades 0.1% lower during European hours. Currently hovering near the technical level of 1.3750, the exchange rate reflects a broader trend affecting the U.S. dollar as traders remain cautious amid fluctuating economic signals.
This ongoing decline in USD/CAD can be attributed to a strengthening Canadian dollar, bolstered by rising oil prices and positive economic data from Canada. As the Loonie gains traction, market participants are closely monitoring the potential implications for future trading strategies and the overall stability of the currency pair in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 09:47
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.