USD/CAD Dips Towards 13850 as US Economic Concerns Grow
USD/CAD has seen a remarkable decline, falling to around 1.3860 during the Asian trading session. This marks the fourth straight session of losses for the pair. The root cause of this downward trend lies in a weakening US Dollar, which is currently under pressure amid rising investor concerns regarding a potential recession in the United States. Persistent inflation issues further exacerbate this situation, leading to a shift in investor focus away from US assets. Traders should brace for further fluctuations as the economic climate shifts.