The Canadian Dollar (CAD) is under pressure against the US Dollar (USD) as the USD/CAD currency pair steadies around 1.3875, maintaining near its highest level since December 5. This strength in the Greenback comes amid a broad-based rally, reflecting market anticipation ahead of the upcoming US Non-Farm Payrolls (NFP) report and Canada’s employment data.
As traders closely monitor these pivotal economic indicators, fluctuations in the exchange rate could signal shifts in monetary policy or investor sentiment. The current position of USD/CAD suggests that the market remains cautious, with traders bracing for potential volatility depending on the labor market outcomes from both the US and Canada.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 18:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.