Citing people familiar with the matter, Bloomberg reported on Tuesday that the Bank of Japan (BoJ) officials think that it could be possible to hike the benchmark interest rate again this year as economic conditions offset the domestic political instability.
The USD/CAD pair trades in negative territory near 1.3800 during the early Asian session on Tuesday. Investors continued to assess the latest US Nonfarm Payrolls (NFP) report, while expectations of extra rate cuts by the Federal Reserve (Fed) keep the Greenback under scrutiny.
WTI (West Texas Intermediate) Crude Oil edges lower on Monday, trimming earlier gains after a brief rebound from last week’s three-month low.