USD/CAD Declines to 1.3700 as BoC Rate Expectations Remain Steady
USD/CAD continues its downward trajectory, trading around 1.3710 as of early European hours on Monday. The Canadian Dollar (CAD) has shown strength against the US Dollar (USD), buoyed by a second consecutive month of rising retail sales in Canada. This positive consumer sentiment suggests resilience in the face of ongoing trade tensions between the US and Canada. Traders may want to take advantage of this trend as the Bank of Canada is expected to maintain its current interest rates.