The Canadian Dollar (CAD) has been closely mirroring movements of the US Dollar (USD) during the holiday trading period, as liquidity remains low and domestic economic data is sparse. This correlation reflects a broader trend in the forex market, where the CAD’s performance is primarily influenced by fluctuations in the USD, impacting key currency pairs.
As a result, the exchange rate between CAD and USD has shown limited volatility, with traders watching for any shifts that could indicate a change in market sentiment. With holiday liquidity constraining trading activity, the CAD’s ability to diverge from USD trends appears limited, leaving investors cautiously observing further developments in both currencies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 16:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.