USD/CAD Retreats to 1.3800 Amid Dovish Fed Sentiment
The USD/CAD currency pair has slipped after two days of gains, currently trading around 1.3800 during the Asian hours on Monday. The U.S. Dollar is facing hurdles related to the prevailing dovish sentiment surrounding the Federal Reserve’s policy outlook for September.
Investors are monitoring the Fed closely, and ongoing concerns may continue to pressure the dollar. Consequently, this presents opportunities for traders to capitalize on possible fluctuations in the USD/CAD exchange rate.