USD/CAD Price Forecast: Falls back to near 1.3800

  • The USD/CAD pair retreats from the high of 1.3860 posted earlier in the day to near 1.3800 during European trading hours on Wednesday. The Loonie pair falls back as the US Dollar (USD) gives up initial gains despite United States (US) President Donald Trump expressing confidence on de-escalation in a trade war with China.