USD/CAD Maintains Steady Position at 1.4350 Before FOMC Minutes Release
The USD/CAD pair trades steadily around 1.4350. After retracing its previous gains from last session, the pair now faces potential downside risks. However, these risks may be limited as the US Dollar strengthens. This change comes amid a more hawkish sentiment towards the Federal Reserve’s interest rate outlook, driven by strong US economic data. Traders should prepare for possible fluctuations as the FOMC meeting minutes approach.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]