The USD/CAD pair attracts some dip-buyers following the previous day's modest pullback from its highest level since April 2025 and trades around the 1.4165-1.4170 region during the Asian session on Tuesday.
Societe Generale strategists expect the central bank of Mexico, Banxico to hold rates at 6.50% on Thursday, with the statement potentially challenging market pricing for 80bp of tightening over 12 months.
TD Securities strategists expect Canada’s May Consumer Price Index (CPI) to rise, with headline inflation projected at 3.1% year-on-year and 0.8% month-on-month, driven by higher energy prices and seasonal factors.