Traders remain cautious as the currency pair stabilizes after six consecutive sessions of gains before key trade discussions.
The USD/CAD pair traded steady around 1.3700 in Asian hours Thursday, pausing after six straight days of gains. Market participants adopted a wait-and-see approach ahead of high-stakes trade talks between US and Chinese leaders in Beijing.
The pair had climbed in prior sessions amid broader USD strength, but momentum stalled as focus shifted to the Trump-Xi summit. Analysts noted limited volatility, with traders avoiding large positions before the outcome of the discussions.
No immediate market reaction was observed, as investors awaited further developments from the trade negotiations.