Forex
USD/CAD Exchange Rate Sinks as Canadian Dollar Continues Downward Trend
The USD/CAD exchange rate has been trending lower due to the Canadian Dollar's struggles.
The CAD has been inching lower, and despite some minor fluctuations, it remains submerged in its downward trend. The recent market movements have also seen the CAD sideswiped by Treasuries.
A closer look at the exchange rate reveals that the CAD is still sinking, with no signs of a reversal anytime soon. This submerging of the CAD has been a persistent theme over the past few periods, and it remains to be seen how long this trend will continue.