USDCAD is maintaining its stance for the fourth consecutive session, trading around 1.3940 in Monday’s Asian hours. The pair receives support from a robust US Dollar (USD), fueled by recent progress in US-China trade discussions that occurred over the weekend in Switzerland.

Both nations indicated a willingness to compromise, leading to increased optimism. Market participants view this as a positive development for global trade, suggesting an easing of previous tensions. As a result, the US Dollar gains traction against other major currencies.

Investors will watch developments closely. Any further news or agreements regarding the trade talks could impact both the USD and CAD, potentially increasing volatility in the pair.