The USD/CAD exchange rate fell to a two-month low on Friday, driven by a robust Labour Force Survey from Canada that exceeded expectations. This positive employment data has bolstered sentiment around the Canadian Dollar (CAD), prompting traders to reassess their positions in the currency pair. As a result, the CAD gained traction against the USD, reflecting a broader market reaction to the favorable economic indicators.
With the USD under pressure, market participants are now turning their attention to upcoming economic data, particularly the U.S. Personal Consumption Expenditures (PCE) report. This key indicator is expected to provide further insight into inflation trends and monetary policy direction. As trading continues, fluctuations in the USD/CAD exchange rate will likely be influenced by both Canadian economic performance and U.S. economic developments in the coming days.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-05 15:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.