USD/CAD Surges Past 1.3650 as US-China Relations Improve
The USD/CAD currency pair saw renewed momentum as it climbed above 1.3650 amidst easing tensions between the US and China. Trading at approximately 1.3680 early Wednesday indicates a turnaround after its recent dip. However, the strengths of the commodity-linked Canadian Dollar (CAD) may limit the upside potential due to rising oil prices, which are expected to support the CAD. This creates a mixed outlook for investors considering their positions in the USD/CAD market.