USD/CAD EXTENDS DECLINE BELOW 1.3950
USD/CAD EXTENDS DECLINE BELOW 1.3950
The USD/CAD currency pair further declined to approximately 1.3920 during the early Asian session on Friday, marking a 0.41% decrease for the day.
The US Dollar (USD) has been weakening against the Canadian Dollar (CAD) due to persistent concerns over global and US economic conditions, leading to reduced demand for the USD.
Traders are awaiting the release of the US March Producer Price Index (PPI) and the preliminary Michigan Consumer Sentiment Index later on Friday, which may provide further insights into the economic outlook and influence currency movements.
