The USD/CAD currency pair remains steady, trading around the exchange rate of 1.3790 during the Asian session on Thursday. This follows a period of modest gains in the previous trading session as market participants adopt a cautious approach ahead of the highly anticipated US Consumer Price Index (CPI) data release. The market's reaction to the CPI could significantly impact future trading trends for the pair.
Investors are closely monitoring the U.S. economic indicators, particularly inflation data, as it can influence the Federal Reserve's monetary policy decisions. A shift in the USD's strength versus the CAD could ensue depending on the CPI results, which may lead to increased volatility in the forex markets. As traders await the data, the USD/CAD pair is poised for potential fluctuations based on market sentiment and economic forecasts.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 03:08
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.