© Reuters. Greenback edges lower vs. loonie in front of the FOMC minutes
Investing.com — The U.S. dollar slipped lower against its Canadian counterpart on Wednesday, as sentiment on the greenback was vulnerable amid fresh US political concerns and the minutes of the Federal Reserve’s most recent monetary policy meeting.
USD/CAD was down 0.18% at 1.2494 from 9:30 a.m. ET (13:30 GMT).
The greenback came under pressure, as US President Donald Trump’s public feud with the Tennessee Senator and fellow Republican Bob Corker concern over the vote by a large tax-code reform has caused.
Market participants have also been published with a view to the minutes of the Fed’s latest policy meeting due later in the day for more clues on the upcoming interest rate increases.
At its September meeting, the Fed for the possibility of a third interest rate increase signalled in this year.
Meanwhile, the raw material relevant to the Canadian dollar benefited from rising oil prices, amid growing signals that the market is tightening.
The loonie was lower against the euro, with EUR/CAD adding 0.16% to 1.4801.
The euro is again easily with the Spanish political tensions, a document of the proclamation of the region eased, according to the Catalan President, Carles Puigdemont on Tuesday signed the independence from Spain, but suspended the move for the coming weeks, to avert an immediate crisis.