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November 21, 2024

USD CAD Struggles Below One Point Four Amid Market Anticipation

The USD/CAD currency pair remains constrained below the one point four zero mark, with traders closely observing upcoming US employment data and comments from Federal Reserve officials. This range-bound behavior indicates a cautious approach among market participants as they navigate potential shifts in economic sentiment. Analysts suggest that key economic releases could be crucial in determining the next directional move for this pair. As the trading week progresses, attentiveness to economic indicators will be essential for informed decision-making.

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