Bullish
USD/CAD remains near April 2025 highs as USD strength outweighs weak NFP report.
The USD/CAD pair continues to trade near its highest levels since April 2025, with the U.S. dollar maintaining strength despite a weaker-than-expected Nonfarm Payrolls (NFP) report. Geopolitical uncertainties and expectations of a more aggressive Federal Reserve policy have bolstered the greenback, overshadowing the impact of the NFP data. Additionally, a dovish stance from the Bank of Canada and declining crude oil prices have further pressured the Canadian dollar.
Key points
- USD/CAD holds steady above mid-1.4200s, near April 2025 highs.
- Weak U.S. NFP report has limited impact on USD strength.
- Dovish Bank of Canada and softer crude oil prices weigh on the loonie.
Sources
AI-generated from public news sources. Not financial advice.
