The USD/CAD currency pair is currently trading around 1.3680, having edged lower after a modest uptick in the previous session. This movement highlights ongoing struggles for the pair, particularly as it remains constrained below the key psychological level of 1.3700.
Support for the Canadian Dollar is being bolstered by rising oil prices, which are critical to Canada’s economy. As traders monitor these fluctuations, the exchange rate between the USD and CAD reflects broader market dynamics, suggesting that oil performance will continue to play a pivotal role in influencing the USD/CAD outlook in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 04:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.