USD/CAD grinds into ten-week peak above 1.3600 before falling back on Wednesday’s mixed US GDP

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• USD/CAD flubs recovery above 1.3600 due to mixed US Q4 GDP.
• Canada sees soured Current Account print that misses expectations.
• Thursday’s Canada GDP to be eclipsed by US PCE.

USD/CAD saw an early Wednesday rally above the 1.3600 handle pull back into recent congestion after US Gross Domestic Product (GDP) figures were mixed on release. Markets will be pivoting to focus on Thursday’s US Personal Consumption Expenditure Price Index (PCE) as the Federal Reserve’s (Fed) inflation metric of choice.