USD/CAD Steady Above Mid-1.4300s Yet Faces Bearish Pressure
As the new week begins, the USD/CAD currency pair remains steady, fluctuating within a tight range above the mid-1.4300s mark. This trading pattern suggests a pause in momentum while the market assesses further direction. The fundamental landscape points towards increased bearish pressure amid a weakening US dollar. Traders should be vigilant as economic indicators, including Canadian inflation data, loom on the horizon, potentially provoking significant market movements in USD/CAD.