USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom

  • The USD/CAD pair trades modestly higher around 1.3800 during Tuesday's North American session, bouncing within a tight range after testing six-month lows earlier in the week. The Canadian Dollar (CAD) is largely unchanged on the session as traders digest recent developments including fresh PMI data and cautious optimism around easing trade tensions.