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June 9, 2025

USD/CAD Struggles Below 1.3700 as US Dollar Pullback Continues

The USD/CAD pair retraces its steps, trading around 1.3680 during the Asian trading session on Monday. This decline follows a notable correction in the US Dollar (USD), which previously saw gains of about 0.50% on Friday, fueled by positive US job data for May. As the market anticipates further developments from the US-China discussions, traders remain cautious. The recent fluctuations indicate a potential for further volatility in the USD/CAD pair as sentiment shifts with news cycles.

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