USD/CAD is approaching key resistance at 1.3800 after consolidating gains from its June low near 1.3535. With momentum turning more constructive, a breakout could open the door to 1.3910 and the 200-DMA near 1.4000, Société Générale's FX analysts note.
The EUR/USD resumed its downtrend for the second straight day as market participants digest softer-than-expected economic data from the United States (US).
The Japanese Yen (JPY) is entering Tuesday’s NA session unchanged against the US Dollar (USD) as it consolidates its recent decline to the lower end of its multi-month range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.