ETO Markets 外汇：美元加元走强，降息预期降温与油价回落推动

Group 1 - The USD/CAD exchange rate has been on an upward trend, trading around 1.3680 during the Asian session, driven by a stronger USD and a weaker CAD [2] - The relative strength of the USD is primarily supported by market adjustments in expectations regarding the Federal Reserve's interest rate cuts, with the Fed having paused rate cuts in January, indicating a cautious policy stance [2] - The Fed's focus on the sustainability of inflation control, along with the nomination of a new Fed chair who favors a moderate approach to rate cuts, has further solidified support for the USD [2] Group 2 - Recent fluctuations in international oil prices have significantly impacted the CAD, with a decline in oil prices leading to a weaker CAD performance [3] - The recent rise in the USD/CAD exchange rate is a result of both policy expectations and commodity price movements [3] - Key variables influencing the USD/CAD exchange rate include Fed policy direction, inflation data, and geopolitical developments affecting oil prices, with potential for continued upward movement if the Fed maintains a tight stance and oil prices remain under pressure [3]