Canadian Dollar pinned to low side ahead of Fed rate call

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• The Canadian Dollar is trapped near familiar low bids as Fed rounds corner.
• Bank of Canada Governor Tiff Macklem wrapping up government testimony today.
• Markets are expecting a hawkish pause from Fed Chair Powell.

The Canadian Dollar (CAD) is stuck to the floorboards, trading into twelve-month lows as the markets turn to face the latest rate call from the Federal Reserve.