According to Forex Factory:→ The Federal Reserve kept the Federal Funds Rate at 3.75% by a majority vote. Although there were no surprises and the central banks’ decisions matched analysts’ forecasts, the reaction of the USD/CAD pair was quite dynamic. After a spike in volatility, the exchange rate fell below the 2025 low. Thus, the USD/CAD exchange rate reflects the broader January trend, in which the US dollar is under considerable pressure due to geopolitical and other factors. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply).