The USD/CAD currency pair continues to face downward pressure as traders respond to the recent monetary policy decisions from both the Bank of Canada (BoC) and the Federal Reserve (Fed). As of Friday, the Canadian Dollar (CAD) remains firmly bid against the US Dollar (USD), reflecting market sentiment following the BoC's decision to maintain interest rates and the Fed's indications of a potential rate cut.
This week’s developments have led to a notable shift in the exchange rate dynamics, with the CAD benefiting from a more stable outlook compared to the USD. As markets digest these policy outcomes, traders are closely monitoring technical levels for any sign of trend reversals or further momentum in the CAD. The implications of these decisions may influence trading strategies in the coming days, especially with the USD showing signs of vulnerability amidst the Fed's dovish stance.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 14:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.