The USD/CAD currency pair continued its upward trajectory, trading near the 1.3750 mark during the Asian session on Monday. This move reflects a second consecutive day of gains, driven by increasing geopolitical risks that have prompted traders to seek the safety of the U.S. dollar. As the exchange rate hovers near this technical level, market sentiment remains cautious.
Investors are closely monitoring developments in global politics, which are influencing the dynamics of the forex market. With heightened uncertainty, the demand for the USD has strengthened, contributing to the upward momentum of the USD/CAD pair. As trading continues, participants will look for further signals that may impact the exchange rate in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 05:36
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.