Canadian Dollar Continues to Slide as US Dollar Gains Momentum Amid Global Uncertainty
The Canadian dollar is losing ground against the US dollar as it struggles to maintain bullish momentum. Despite steady Canadian economic data and the Bank of Canada’s hawkish tone, the loonie is pressured by a stronger US dollar, falling crude prices, and cautious global risk sentiment. USD/CAD has climbed back above 1.37, facing key resistance near 1.3740, with commodity headwinds and market uncertainty shaping near-term trends.
