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Back Fundamental analysis
USD/CAD: Review and Analysis
The USD/CAD pair is strengthening after
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The USD/CAD pair is strengthening after a pullback to 1.3925.The intraday growth is supported by several factors, with a key one being the drop in crude oil prices. Falling oil prices weaken the Canadian dollar, which is closely tied to oil market performance.At the same time, the US dollar remains steady after an initial reaction to Scott Bessent's appointment as US Treasury Secretary. Expectations of a less accommodative Federal Reserve policy have further supported the dollar.This combination of factors has
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