USD/CAD slides below 1.3700 mark, fresh YTD trough amid sustained USD selling

  • The USD/CAD pair prolongs its downtrend witnessed over the past week or so and attracts some follow-through selling during the Asian session on Monday. The downward momentum drags spot prices below the 1.3700 round figure, to the lowest level since October 2024 and is sponsored by a broadly weaker US Dollar (USD).