USD/CAD Holds Steady with Mixed US Retail Data Ahead of Fed
The Canadian Dollar (CAD) remains stable against the US Dollar (USD) as the USD/CAD pair trades near 1.3575. This stability comes as traders digest recent mixed retail sales data from the United States, influencing expectations for monetary policy. Participants in the forex market are closely monitoring developments leading up to the Federal Reserve’s upcoming meeting, seeking indications on interest rate movements. As traders maintain their positions, the focus remains on news that could sway currency dynamics. This period offers opportunities to assess market sentiment and adjust trading strategies based on anticipated outcomes.