USD/CAD hangs near YTD low; flat lines above 1.3700 ahead of BoC, US macro data

  • The USD/CAD pair extends its sideways consolidative price move through the Asian session on Wednesday and remains close to its lowest level since October 2024 touched earlier this week. Spot prices currently trade around the 1.3715-1.3720 area, nearly unchanged for the day, as market participants await the Bank of Canada (BoC) policy update.