USD/CAD Charts Fresh Multi-Year Highs Near 1.4350
USD/CAD continues to demonstrate a winning streak, extending its gains for the fifth consecutive day and trading at around 1.4320 during early Asian hours on Wednesday. This recent strength is attributed to a weakened Canadian Dollar (CAD), influenced by dovish comments from Bank of Canada Governor Tiff Macklem. As market participants analyze this upside, the USD/CAD pair may maintain its solid performance unless significant market shifts occur. Following upcoming economic indicators will be crucial for traders set to capitalize on these movements.
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