Good morning, traders! The week is kicking off with some interesting action in the forex market, particularly for the USD/CAD pair.
As we roll into the Asian trading session this Monday, the Loonie is holding its ground against the Greenback, pushing USD/CAD near an 11-week low around the 1.3800 mark. This continued weakness for the pair suggests that the momentum from Friday’s sessions is carrying over, with the US Dollar perhaps facing some headwinds.
All eyes are now firmly set on the upcoming policy decisions from both the Federal Reserve (Fed) and the Bank of Canada (BoC). Investors are keenly awaiting signals from these central banks, which are likely to dictate the pair’s next significant move. Get ready for a potentially pivotal week!
Source: Original Article
