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January 7, 2025

USD/CAD Remains Weak Amid Political and Trade Tensions

As political and trade-related developments unfold in Canada, the USD/CAD pair is showing weakness, trading near 1.4310. The market is reacting to reports of Prime Minister Trudeau’s plans to step down, affecting overall investor confidence.

This combination of news creates an environment ripe for volatility. Traders must consider how these developments can affect their strategies in trading USD/CAD. Close monitoring of the Canadian economy and political landscape will be essential for optimizing trading positions and mitigating risks.

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