The currency pair remains unchanged amid US-Iran ceasefire progress and upcoming Canadian economic growth figures.
The USD/CAD pair held steady at around 1.3785 in early Asian trading on Friday, reflecting cautious market sentiment. Investors are monitoring developments in US-Iran ceasefire negotiations, which could influence risk appetite and commodity-linked currencies like the Canadian dollar.
Traders are also awaiting Canada’s GDP data, which may provide insights into the country’s economic performance. The pair has shown limited movement in recent sessions, balancing geopolitical risks with domestic economic expectations.
No significant market reaction was observed in early trading, as participants await further clarity on both fronts.