The USD/CAD currency pair has dipped slightly after reaching a multi-year high of 1.4245 on Friday. It is now trading around 1.4230 during the Asian hours on Monday. This movement highlights the ongoing volatility in the market, primarily influenced by a weakened US Dollar and the latest trends in US Treasury yields. Investors await the Federal Reserve’s interest rate decision, which could trigger further fluctuations. The likelihood of a 25 basis point rate cut in the Fed’s final meeting of 2024 adds to the current uncertainty surrounding USD/CAD valuations. Monitoring the Fed’s actions and economic indicators could offer critical insights into future currency movements.