- USD/CAD regains some positive traction on Wednesday, though lacks bullish conviction.
- Softer Oil prices undermines the Loonie and lends support amid a modest USD strength.
- Traders seem reluctant and prefer to wait on the sidelines ahead of the FOMC minutes.
The USD/CAD pair attracts some buying during the Asian session on Wednesday and moves further away from the weekly low, around the 1.3200 mark touched the previous day. Spot prices currently trade around the 1.3230-1.3235 region, up nearly 0.10% for the day, and draw support from a combination of factors.
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