The USD/CAD currency pair has experienced a notable downturn, slipping below the 1.3900 level as concerns over Federal Reserve independence take a toll on the U.S. dollar. After peaking at around 1.3920 last Friday, the pair's nine-day winning streak has come to an abrupt halt, indicating a shift in market sentiment.
This decline in the exchange rate reflects broader anxieties surrounding U.S. monetary policy and its potential implications for traders. As the market digests these developments, the focus will likely shift to upcoming economic data and signals from the Fed that could influence the direction of the USD/CAD pair in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 03:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.