USD/CAD remains stable near the 1.3750 level, trading around 1.3760 during the Asian session on Tuesday. After experiencing mild gains in the previous two sessions, the currency pair shows limited movement as the US Dollar (USD) slips. Easing concerns about a broader geopolitical escalation have contributed to this slight decline in the USD.
Meanwhile, the Canadian Dollar (CAD) is under pressure from falling oil prices, which traditionally weigh on the currency due to Canada's status as a major oil exporter. The interplay between the weakening USD and the softening CAD suggests that market participants are closely monitoring both geopolitical developments and commodities for clues on future exchange rate movements in USD/CAD.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 03:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.