The post USD/CAD trades with caution near 1.3950 ahead of US employment, Services PMI data appeared on BitcoinEthereumNews.com. The USD/CAD pair trades cautiously near 1.3960 during the European trading session on Wednesday. The Loonie pair struggles to gain ground as the US Dollar (USD) is under pressure, following hints from United States (US) President Donald Trump that White House Economic Adviser Kevin Hassett could be the successor of Federal Reserve (Fed) Chair Jerome Powell when his term ends in May 2026. At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades slightly lower to near 99.10. On Tuesday, US President Trump stated that he has narrowed the list of potential Fed’s next chair candidates to one, which will be announced in early 2026, adding the name of White House adviser Hassett in his comments. “I guess a potential Fed chair is here too. Am I allowed to say that? Potential. He’s a respected person, that I can tell you. Thank you, Kevin,” Trump said, Reuters reported. Meanwhile, investors await the US ADP Employment Change and the ISM Services Purchasing Managers’ Index (PMI) data for November, which will be published during the North American session. The impact of the US private sector employment data will be significant on expectations towards the Federal Reserve’s monetary policy outlook, given that a majority of officials, including Jerome Powell, have warned of downside labor market risks. This week, the Canadian Dollar (CAD) will be influenced by the labor market data for November, which will be released on Friday. The Canadian Unemployment Rate is expected to come in higher at 7% from 6.9% in October. Meanwhile, the overall laborforce is expected to have remained flat. Economic Indicator ADP Employment Change The ADP Employment Change is a gauge of employment in the private sector released by the largest payroll processor in the US, Automatic Data… The post USD/CAD trades with caution near 1.3950 ahead of US employment, Services PMI data appeared on BitcoinEthereumNews.com. The USD/CAD pair trades cautiously near 1.3960 during the European trading session on Wednesday. The Loonie pair struggles to gain ground as the US Dollar (USD) is under pressure, following hints from United States (US) President Donald Trump that White House Economic Adviser Kevin Hassett could be the successor of Federal Reserve (Fed) Chair Jerome Powell when his term ends in May 2026. At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades slightly lower to near 99.10. On Tuesday, US President Trump stated that he has narrowed the list of potential Fed’s next chair candidates to one, which will be announced in early 2026, adding the name of White House adviser Hassett in his comments. “I guess a potential Fed chair is here too. Am I allowed to say that? Potential. He’s a respected person, that I can tell you. Thank you, Kevin,” Trump said, Reuters reported. Meanwhile, investors await the US ADP Employment Change and the ISM Services Purchasing Managers’ Index (PMI) data for November, which will be published during the North American session. The impact of the US private sector employment data will be significant on expectations towards the Federal Reserve’s monetary policy outlook, given that a majority of officials, including Jerome Powell, have warned of downside labor market risks. This week, the Canadian Dollar (CAD) will be influenced by the labor market data for November, which will be released on Friday. The Canadian Unemployment Rate is expected to come in higher at 7% from 6.9% in October. Meanwhile, the overall laborforce is expected to have remained flat. Economic Indicator ADP Employment Change The ADP Employment Change is a gauge of employment in the private sector released by the largest payroll processor in the US, Automatic Data…