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May 9, 2025

USD/CAD Reaches Multi-Week High Amid Strong USD Demand

The USD/CAD pair is making impressive gains this week. After recovering from a year-to-date low in the mid-1.3700s, it has gained traction for three consecutive days. Prices are now hovering around the 1.3940-1.3945 region, marking a three-week high during the Asian session. This upward trend is largely facilitated by a robust demand for the US Dollar (USD). Traders should capitalize on this momentum as it continues to build.

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