The USD/CAD currency pair continues to trade below the 1.3950 level for a second consecutive session, now hovering around 1.3930 during the early European hours. The recent decline of the US Dollar follows April’s Consumer Price Index (CPI) figures, which were below forecasts. This has influenced market sentiment, raising concerns about a widening yield spread between the US and Canada. Traders should focus on these dynamics as they navigate their positions in the USD/CAD pair.