The USD/CAD currency pair is experiencing a downward trend, trading lower for the second consecutive day as broad-based weakness in the US Dollar takes hold. The exchange rate has fallen approximately 0.6% over the past two days, retreating from recent highs of 1.3928 to session lows around 1.3820.
Traders are closely monitoring this movement, as the decline in the USD reflects broader market sentiment. Factors contributing to the USD's softness include a cautious outlook on the US economy, which could influence future Federal Reserve policy decisions. With prices approaching the 1.3800 mark, further fluctuations may signal shifting dynamics in the forex market, potentially impacting trading strategies moving forward.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 13:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.