USD/CAD Maintains Position Above 1.4350 Amid Oil Price Decline
The USD/CAD pair remains positioned above 1.4350 despite a slight dip following the gains observed in previous sessions. It currently trades around 1.4370 during Asian hours.
This stability comes as the US Dollar shows appreciation, influenced by the Federal Reserve’s hawkish policy outlook for 2025. Observing the oil prices will be essential, as further declines could impact the Canadian Dollar significantly.
Traders should prepare for potential volatility and monitor multiple variables that could influence the USD/CAD pair going forward.
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