Canadian Dollar moves little as traders adopt caution ahead of US-China summit
USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping.
Given the current market caution ahead of the US-China summit, USD/CAD is likely to remain stable in the short term. However, any developments from the summit could lead to increased volatility.
USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping.
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