USD/CAD continues to experience pressure for the third consecutive day, currently trading around 1.3760 in the Asian trading hours. The pair struggles primarily as the US Dollar begins losing ground amid increasing expectations for additional rate cuts by the US Federal Reserve. Such sentiments are putting downward pressure on the pair as traders adjust their positions in light of these developments.

This market reaction underscores the influence of both domestic and international factors on currency values. The dynamics surrounding oil prices also play a role, as they are intrinsic to the Canadian Dollar’s performance. As the market digests these complex interactions, USD/CAD remains a focal point for traders monitoring potential shifts.