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May 6, 2025

USD/CAD Shows Positive Momentum While Remaining Within Familiar Range

The USD/CAD currency pair has shown a slight increase for the second consecutive day on Tuesday. Despite this mild positive trend, the pair remains trapped within a familiar trading range observed over the past two weeks. Currently, spot prices hover around the 1.3830 level, reflecting an increase of less than 0.5% for the day. Market participants note that various diverging forces are at play, influencing this lack of strong buying momentum. Observing market dynamics will be essential for traders considering their next moves.

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