The USD/CAD currency pair weakened, falling to approximately 1.3890 during the Asian trading session on Friday. This decline can be attributed to the Canadian Dollar's (CAD) strength, driven by a rebound in crude oil prices, which have bolstered market sentiment towards the Canadian economy.
As traders look ahead, key data such as the US December Industrial Production report and comments from Federal Reserve officials are anticipated later in the day. These indicators will be crucial in determining the future direction of the USD/CAD exchange rate, as market participants seek further insights into economic health and potential monetary policy shifts.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 03:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.