USD/CAD flat-lines around 1.3420, investors await the US CPI – by lilyfinancial USDCAD
0.01% for the day. Market participants prefer to wait on the sidelines ahead of the US top-tier data release. Meanwhile, the US Dollar Index trades sideways near 102.50 amid the cautious mood in the market.
China's Commerce Ministry expressed severe worries in response to the US executive order restricting some investments in Chinese technology businesses, according to Reuters. The Chinese authorities added that they hope the US will respect market economic laws and the principle of fair competition. Market players will keep an eye on the developments surrounding the world’s two largest economies.
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