USD CAD Struggles Near Mid 1 4300s Ahead of FOMC Minutes
The USD CAD pair faces challenges in gaining momentum as it struggles to build on the previous day’s bounce from the sub 1 4300 levels. During the Asian session on Wednesday, the pair attracted some sellers and currently trades around mid 1 4300s. This is less than a 0 10 percent change for the day. Despite these challenges, the spot prices remain comfortably above the lowest level seen in over two weeks, touched on Monday. Market participants are closely watching for the FOMC minutes which may impact the currency pair’s direction.
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