USD/CAD Surpasses 1.4400 as US Dollar Gains Momentum
The USD/CAD currency pair continues its ascent, marking its fourth consecutive session of gains. Currently, it trades around 1.4420 during the early hours of Friday in Asia. The supporting factors include the bullish stance of the US Dollar, which has garnered momentum from the hawkish Federal Open Market Committee Meeting Minutes. Additionally, there are uncertainties regarding tariff plans from the incoming administration, contributing to the USD/CAD’s strength.
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