USD/CAD briefly tested a fresh high for the week, but the pair continues to churn in near-term consolidation levels as markets buckle down for the latest meeting Minutes from the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC).
USD/CAD fell to a daily low of 1.3472 on Tuesday before rebounding into an intraday high of 1.3530 after Canadian Consumer Price Index (CPI) inflation fell faster than markets expected.
Bitcoin (BTC) price fell after the Federal Open Market Committee (FOMC) meeting, and Ethereum (ETH) and Ripple (XRP) prices failed to inspire confidence as the broader altcoin community bled on Wednesday.