The USD/CAD currency pair is currently trading just below the 1.3800 mark, after the US Dollar rebounded from three-month lows around 1.3730 earlier this week. Despite this recovery, the exchange rate has struggled to maintain momentum above 1.3800, reflecting trader uncertainty and market dynamics ahead of upcoming economic data.
Market participants are eagerly awaiting US inflation figures, which are expected to provide critical insights into the health of the economy and potential future monetary policy adjustments. The performance of the USD against the CAD will likely hinge on these data releases, as traders assess the implications for interest rates and overall market sentiment in the forex arena.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.