After the recent election and FOMC meeting, the USD/CAD and EUR/USD pairs have seen some interesting price action in the forex market. The US dollar has been reacting to the latest developments in the political and economic landscape.
In the USD/CAD pair, the US dollar has shown strength against the Canadian dollar. This could be due to uncertainty surrounding the Canadian economy and the impact of the US election on trade relations between the two countries. Traders are closely monitoring any news that could affect the exchange rate between the USD and CAD.
On the other hand, the EUR/USD pair has seen some fluctuations as well. The US dollar has been reacting to the outcome of the election and the recent FOMC meeting. The euro has also been influenced by political and economic events in the Eurozone.
Overall, the USD price action in the forex market has been volatile following the election and FOMC meeting. Traders are advised to stay informed about any developments that could impact the US dollar and its exchange rate with other major currencies.