The USD/CAD pair is trading cautiously below the 1.4200 level in Wednesday’s European session. Currently, the Canadian Dollar, or Loonie, is slightly declining as the US Dollar (USD) shows signs of weakness. Traders await the Federal Open Market Committee (FOMC) minutes from the January policy meeting, which could significantly influence market behavior. Understanding these developments will be essential for taking informed trading decisions as analysts suggest that upcoming communications could lead to notable market shifts. Traders are encouraged to stay adjusted and proactive as new information becomes available.