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Forex

USD/CAD Near Two-Week High as Investors Await FOMC Meeting

Guavy AI Editorial Team
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The USD/CAD pair is trading near a two-week high of 1.4120, supported by a bullish consolidation phase and a favorable fundamental backdrop.

The upcoming FOMC policy meeting on Wednesday will be crucial in determining the direction of the US Dollar (USD), which in turn could impact the USD/CAD pair.

The market is expecting the Fed to leave interest rates unchanged, but the accompanying policy statement and post-meeting press conference could provide valuable clues about future policy decisions.

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