Canadian Dollar News & Analysis Today

USD/CAD Forecast: Pair Tests 1.3790 as Fed Rate Cut Expectations Offset US Dollar Gains

The US dollar is gaining ground against the Canadian dollar in the USD/CAD pair, recovering after the previous session’s corrective pullback. The instrument is once again testing the 1.3790 level for an upside breakout, while the US currency remains under pressure amid expectations of a potential acceleration in monetary easing by the US Federal Reserve.