USD/CAD recovers its losses from the previous two sessions, trading around 1.4390 during the Asian hours on Monday.
Slight increase in momentum is likely to lead to a higher trading range of 7.2700/7.2980. In the longer run, decline in US Dollar (USD) seems excessive, but there is potential for a test of 7.2420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Australian Dollar (AUD) remains steady against the US Dollar (USD) on Thursday, as market concerns eased following news that the China-specific tariffs proposed under US President Donald Trump’s revised plan are significantly smaller than initially expected.