The USD/CAD pair gains traction near 1.3950 during the Asian trading hours on Tuesday, bolstered by a rebound in the US Dollar (USD). However, the upside for the pair might be limited amid fears of a prolonged US government shutdown and higher crude oil prices.
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep safe-haven demand elevated.
Sanae Takaichi was elected leader of Japan's ruling Liberal Democratic Party (LDP), putting her on course to become the country's first female prime minister once parliament confirms her appointment on October 15, BBH FX analysts report.