USD/CAD Declines as Attention Shifts to US-China Trade Talks
The US Dollar has drifted lower against multiple currencies this Monday, influenced by the aftermath of a strong US Nonfarm Payrolls report. Market focus now shifts toward the upcoming trade negotiations between the US and China, set to take place later in London. These talks aim to alleviate ongoing trade tensions between the world’s two largest economies. Investors will likely react to any news stemming from these discussions, which could significantly impact USD/CAD and the broader forex market. As developments unfold, traders should remain vigilant in adapting their strategies accordingly.