The USD/CAD currency pair has extended its recent downward trend, dropping below the 1.3700 mark during Monday’s Asian session. This represents the lowest level since October 2024, driven by the ongoing weakness of the U.S. dollar.

Traders are witnessing a notable shift in market sentiment, leading to increased selling pressure on the USD/CAD pair. For forex market participants, observing the causes of these fluctuations is vital for making timely and informed trading decisions.

Understanding the broader economic environment will aid in executing effective trading strategies.