
- USD/CAD climbs above 1.4400 as the US Dollar refreshes two-year high.
- The Fed is expected to follow a moderate rate-cut cycle this year.
- Investors await the US ISM Manufacturing PMI data for December.
The USD/CAD pair rises to near 1.4420 in Thursday’s European session. The Loonie pair gains as the US Dollar (USD) dominates its European and North American peers on expectations that the pace of interest rate cuts by the Federal Reserve (Fed) will be moderate this year than what had been seen in 2024.
The US Dollar Index (DXY), which tracks the Greenback’s value against six
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