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May 20, 2025

USD/CAD Hovers Steadily Ahead of Canadian Inflation Data

The USD/CAD pair continues its sideways movement amid fluctuating market conditions, trading around mid-1.3900s on Tuesday. The pair has shown little change today. Traders remain cautious due to mixed economic indicators, highlighting uncertainty ahead of Canadian inflation data. This backdrop prompts investors to tread carefully and wait for further signals before making any aggressive trades. The focus will be on how upcoming data may influence the future trajectory of this currency pair, which remains a critical watch in the forex space.

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