USD/CAD Remains Steady Above 1.4300 as Markets Await Powell’s Comments
The USD/CAD currency pair remains stable, trading around 1.4330 during Tuesday’s European session. The pair’s behavior suggests consolidation as traders anticipate Federal Reserve Chair Jerome Powell’s upcoming testimony. Investors are particularly keen on guidance regarding interest rate policy, which could influence USD/CAD in the short term. As currencies dance around significant levels, investor sentiment remains cautious. The testimony at 15:00 GMT will prove pivotal for gauging future movements in this currency pair.