USD/CAD Struggles Amid Modest USD Weakness
The USD/CAD currency pair has encountered challenges in capitalizing on its recent gains accumulated over the past three days, showing signs of seller activity in the first half of the European session on Thursday. Current market conditions indicate that USD/CAD prices are sliding closer to the mid-1.4000s. However, a significant downturn seems unlikely as traders await crucial monthly employment reports due from both the US and Canada on Friday. These upcoming economic releases may influence market sentiments and provide clarity on the future direction of the USD/CAD pairing. Both USD and CAD traders should be prepared for possible volatility as these significant data points approach.
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