USD/CAD Sees Decline as Markets Anticipate Interest Rate Stability
The USD/CAD pair continues to decline for a second straight session, currently trading around 1.3720 during the Asian hours on Monday. The Canadian Dollar (CAD) strengthens against the US Dollar (USD) due to a stronger-than-expected Gross Domestic Product (GDP) report. Traders anticipate the Bank of Canada (BoC) to maintain its interest rates during the upcoming meeting on Wednesday. Market expectations are shifting, and traders need to stay alert to these developments.