The USD/CAD pair gained traction, approaching the 1.3800 mark during European trading on Wednesday. This rise follows a slight uptick in the US Dollar as traders eye the Federal Reserve’s crucial interest rate decision scheduled at 18:00 GMT. Market participants are positioning themselves ahead of this influential announcement, anticipating potential effects on the currency pair. Analysts expect that any shift in the Fed’s policy could significantly impact the USD/CAD exchange rate, raising the stakes for traders. As the decision looms, the forex market reflects cautious optimism, with investors eagerly awaiting new guidance.