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May 7, 2025

USD/CAD Rally Nears 1.3800 as Investors Await Fed Decision

USD/CAD is bouncing back from losses experienced in the previous session, now trading around the 1.3790 mark during the Asian hours on Wednesday. The US Dollar (USD) is showing signs of strength as market participants adopt a cautious stance in anticipation of the Federal Reserve’s upcoming interest rate decision later in the North American session. This rally indicates a potential shift in market sentiment. Traders should stay vigilant and monitor indicators as the market prepares for potential announcements that could influence currency strategy.

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