The USD/CAD currency pair is experiencing a modest uptick, trading around 1.3790 in early European trading on Friday. This movement comes as the US Dollar recovers following disappointing Consumer Price Index (CPI) data for November, which had initially pressured the dollar and influenced market sentiment.
Despite the recent gains, the exchange rate remains broadly sideways beneath the critical resistance level of 1.3800. Traders are closely monitoring economic indicators and geopolitical developments that may impact the USD and CAD, as shifts in these factors could drive further volatility in the currency pair's performance.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.