The USD/CAD pair meets with fresh supply during the Asian session on Wednesday and, for now, seems to have stalled its recovery from the lowest level since June 3, touched earlier this week. Spot prices currently trade around the 1.3880 area, though the downside seems cushioned as traders keenly await the release of FOMC Minutes.
The Canadian Dollar (CAD) gets a minor lift after US President Donald Trump announced a pause on 50% tariffs against Canada for a three-day period following overnight negotiations with Canadian Prime Minister Mark Carney. Moreover, crude oil prices climbed to a nearly three-week high amid the US-Iran standoff over…
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