The USD/CAD currency pair hovered just above the mid-1.3700s on Friday, marking its lowest level in three months. This movement reflects ongoing selling pressure, which has persisted for the third consecutive day, according to FX Street.
During the first half of the European session, the pair remained under pressure, indicating cautious sentiment among traders. The sustained downward trend highlights the weakening of the US dollar against the Canadian dollar in recent sessions.
For Japanese investors, the USD/CAD's decline may influence cross-currency strategies, especially given Japan's active participation in global FX markets and its sensitivity to shifts in commodity-linked currencies like the Canadian dollar.