The USD/CAD pair remains on the defensive around 1.4350 during the early Asian session on Wednesday, pressured by the disappointing US December Producer Price Index (PPI) data.
The Australian Dollar (AUD) extends its gains against the US Dollar (USD) for a second consecutive day on Tuesday, rebounding from 0.6131, its lowest level since April 2020.
The Canadian Dollar (CAD) continues to tread water near multi-year lows against the US Dollar, with Loonie traders waylaid by a rate-cutting Bank of Canada (BoC) threatening to tip the CAD’s rate differential against the Greenback even further into the low end.