The post Canadian Dollar slips as US Dollar steadies in holiday-thinned market appeared on BitcoinEthereumNews.com. USD/CAD snaps a four-day losing streak, rebounding modestly as the Canadian Dollar weakens. The US Dollar stabilizes after dipping to a five-week low as thin liquidity prevails with the US and Canada on a bank holiday. The broader sentiment toward the Greenback remains fragile amid concerns about trade policy and risks to Fed independence. The Canadian Dollar (CAD) is slightly weaker against the US Dollar (USD) on Monday, with USD/CAD rebounding from earlier losses to halt a four-day decline. The pair is trading higher on the day, benefiting from a modest recovery in the Greenback, which had earlier dipped to its lowest level in more than a month during Asian trading hours. At the time of writing, the USD/CAD is trading around 1.3750 during the American session, though it remains anchored near its four-week low. Monday’s price action comes amid subdued market conditions, as both the United States (US) and Canada observe the Labor Day holiday, leading to thinner liquidity and muted volume flows. Despite the calm, the pair’s reversal highlights shifting near-term sentiment, with traders reassessing positions following last week’s decline in the US Dollar. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is stabilizing after briefly touching a five-week low. The index is holding firm above 97.50 as US Treasury yields hold steady and traders look ahead to a busy macro calendar later this week. Broader sentiment around the US Dollar remains fragile, as traders weigh a mix of macroeconomic and political headwinds. Concerns over US protectionist trade policy, coupled with mounting political pressure on the Federal Reserve’s (Fed) independence, continue to cloud the central bank’s monetary policy trajectory. Expectations for a rate cut remain firmly anchored, with markets pricing in nearly a 90% probability of a 25 basis… The post Canadian Dollar slips as US Dollar steadies in holiday-thinned market appeared on BitcoinEthereumNews.com. USD/CAD snaps a four-day losing streak, rebounding modestly as the Canadian Dollar weakens. The US Dollar stabilizes after dipping to a five-week low as thin liquidity prevails with the US and Canada on a bank holiday. The broader sentiment toward the Greenback remains fragile amid concerns about trade policy and risks to Fed independence. The Canadian Dollar (CAD) is slightly weaker against the US Dollar (USD) on Monday, with USD/CAD rebounding from earlier losses to halt a four-day decline. The pair is trading higher on the day, benefiting from a modest recovery in the Greenback, which had earlier dipped to its lowest level in more than a month during Asian trading hours. At the time of writing, the USD/CAD is trading around 1.3750 during the American session, though it remains anchored near its four-week low. Monday’s price action comes amid subdued market conditions, as both the United States (US) and Canada observe the Labor Day holiday, leading to thinner liquidity and muted volume flows. Despite the calm, the pair’s reversal highlights shifting near-term sentiment, with traders reassessing positions following last week’s decline in the US Dollar. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is stabilizing after briefly touching a five-week low. The index is holding firm above 97.50 as US Treasury yields hold steady and traders look ahead to a busy macro calendar later this week. Broader sentiment around the US Dollar remains fragile, as traders weigh a mix of macroeconomic and political headwinds. Concerns over US protectionist trade policy, coupled with mounting political pressure on the Federal Reserve’s (Fed) independence, continue to cloud the central bank’s monetary policy trajectory. Expectations for a rate cut remain firmly anchored, with markets pricing in nearly a 90% probability of a 25 basis…