USD/CAD is trading around 1.3900 on Thursday, reflecting a 0.10% increase for the day. This movement is largely attributed to the renewed strength of the US Dollar, bolstered by encouraging macroeconomic data from the United States. As traders react to these solid indicators, the USD continues to gain traction against its Canadian counterpart.
In contrast, the Canadian Dollar is under pressure due to a decline in oil prices, a key export for Canada. The pullback in crude has diminished the CAD's appeal, contributing to the upward momentum of the USD/CAD exchange rate. As market participants assess these dynamics, fluctuations in oil and economic data will likely continue to influence trading activities in this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 18:36
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.