The USD/CAD currency pair is trading firmly near its monthly high of 1.3888 during the Asian session on Friday, reflecting a strong performance ahead of the upcoming employment data releases from both the United States and Canada. This positioning signals traders' anticipation of volatility as market participants brace for potential impacts on the exchange rate.
As the market awaits the employment figures for December, movements in the USD may influence the pair's trajectory. A robust jobs report from the US could bolster the greenback, while weaker data from Canada might lead to further strength in the USD/CAD exchange rate, challenging the Loonie's resilience.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 03:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.