The USD/CAD exchange rate is trading cautiously near 1.4360 during Thursday’s European session. Despite the US Dollar bouncing back from a four-month low, the pair shows reluctance in moving upwards.

This cautious stance indicates strength in the Canadian Dollar (CAD) and reflects ongoing market dynamics. Investors are weighing the latest economic data against broader market concerns, particularly regarding US-Canada trade relations.

Traders should be vigilant as upcoming economic indicators could influence the directional bias of USD/CAD. The cautious trading suggests market participants are awaiting further developments before committing to positions.