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December 17, 2024

USD/CAD Hits Four-Year High Driven by Strong Dollar

USD/CAD continues its winning streak, marking the fourth consecutive day of increases. The pair climbed to a fresh multi-year high nearing 1.4290 during European trading hours. This upward momentum can be attributed to the recovering US Dollar, which regained footing due to rising Treasury yields. Market participants are keenly observing these trends, as they may provide insights on future pair movements. It’s an exciting time for traders as USD/CAD showcases significant volatility and trading potential.

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