The USD/CAD pair shows a slight decline during the Asian session on Wednesday, maintaining a position close to its highest level since April 2020. Currently trading just above the mid-1.4100s, the market demonstrates a cautious approach as traders anticipate the impending US Consumer Price Index figures and the Bank of Canada’s (BoC) policy decision. This blend of economic reports could significantly shape the future direction of USD/CAD as traders look for cues on inflation and interest rates. The overall sentiment in the market suggests that participants are exercising caution ahead of these critical events, making strategic decisions increasingly important. Investors should stay directed towards these developments, as the outcomes could shift market momentum and trading opportunities dynamically.