USD/CAD remains stable after experiencing two days of losses, currently trading around 1.4360 during the Asian market on Wednesday. The recent stability in this pair results from an improved outlook for foreign currency inflows. Additionally, reduced concerns regarding US trade and a hawkish stance from the Bank of Canada (BoC) bolster confidence in the Canadian dollar.

As market participants monitor external factors, the dynamics between the US dollar and Canadian dollar reflect broader economic trends. The BoC’s inclination towards tightening monetary policy may further support the Canadian dollar.

Traders and investors will keep a close watch on future data releases and policy announcements. Adjustments in trade sentiment can significantly influence currency exchange rates. The current positive sentiment around Canadian economic prospects might keep USD/CAD buoyed in forthcoming sessions.