The USD/CAD currency pair experienced a slight rebound on Thursday as the US Dollar steadied following a temporary dip in response to softer-than-expected inflation figures. The exchange rate found support after the initial market reaction to the US Consumer Price Index (CPI) data, which prompted traders to reassess their positions.
As a result, the Canadian Dollar (CAD) relinquished some of its earlier gains against the Greenback, reflecting a shift in market sentiment. The stabilization of the USD could provide a foundation for future trading sessions, making investors cautious about further fluctuations in the exchange rate. With ongoing concerns about inflation and economic growth, market participants will be closely monitoring upcoming economic indicators for further guidance.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 18:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.