The pair climbs to 1.3790 as markets price in sustained Federal Reserve tightening amid stronger USD demand.
USD/CAD rose for a fourth straight session, trading near 1.3790 in early European trading Friday. The move reflects broad USD strength driven by rising expectations of prolonged Federal Reserve hawkishness.
Prior to this week, the pair had traded in a 1.3650-1.3750 range for most of August. Market consensus now leans toward at least one additional 25-basis-point Fed rate hike by year-end, up from earlier projections.
No immediate market reaction data was provided in the session update.