
Canadian Dollar Hits Multi-Month Low Against USD
The Canadian Dollar fell for a third consecutive day against the U.S. Dollar, with the USD/CAD pair nearing a seven-month high around the 1.4050 mark.
#Canadian Dollar#USD/CAD#Forex
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The Canadian Dollar fell for a third consecutive day against the U.S. Dollar, with the USD/CAD pair nearing a seven-month high around the 1.4050 mark.

The Canadian dollar rose to a one-month high after the Bank of Canada cut its key interest rate but signaled the easing cycle may be over, a move traders dubbed a 'hawkish cut'.

The Canadian dollar strengthened against its U.S. counterpart after Canada's economy added 60,400 jobs in September, far exceeding market expectations.

The USD/CAD rate is holding above 1.3750 after the Bank of Canada cut rates to 2.50%. Analysts predict a stronger Canadian dollar by 2025.