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- A combination of factors drags USD/CAD away from the YTD peak touched on Wednesday.
- A modest uptick in Oil prices underpins the Loonie and exerts pressure amid a weaker USD.
- A positive risk tone is seen as another factor denting demand for the safe-haven Greenback.
The USD/CAD pair remains under some selling pressure for the second successive day on Thursday and extends the overnight rejection slide from the 1.3900 mark, or its highest level since October 2022. The downtick drags spot prices to the 1.3825 area during the Asian session and is sponsored by a combination of factors.
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