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fxJul 2, 2026, 1:22 AM

Canadian Dollar Stays Near YTD Low as Markets Eye US NFP Data

The USD/CAD pair consolidates above 1.4200 during Friday's Asian session, with traders awaiting the US monthly employment report for direction.

USDCAD

The Canadian dollar remains under pressure, hovering near its year-to-date low against the US dollar. USD/CAD is consolidating above the 1.4200 mark in Asian trading on Friday as market participants hold off on major positioning ahead of the release of the US non-farm payrolls report.

A strong NFP reading could reinforce the dollar's recent bullish momentum, potentially pushing the pair higher. Conversely, a weaker print might trigger a pullback. For now, the pair is in a wait-and-see mode, with the Canadian dollar unable to find traction amid broad USD strength.

Source: FXStreet Forex News