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May 28, 2025

USD CAD Weekly Highs: Continuing Recovery Amid Strong Dollar

The USD/CAD pair continues to show resilience, moving away from its lowest point of 1.3685, the lowest since October 2024. As of Wednesday, spot prices are trading around 1.3835-1.3840, reflecting nearly a 0.30% increase for the day due to persistent buying of the US Dollar. This positive momentum highlights the strength of the USD against the CAD. Traders should watch for further potential gains as the pair approaches its weekly top. Staying updated on key economic releases will prove beneficial for market participants.

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