The Canadian dollar has weakened and is back above the 1.32 line on Tuesday, after posting strong gains in the Monday session. Currently, USD/CAD is trading slightly above the 1.32 line. On the release front, Canada will publish Housing Starts, with the indicator expected to improve to 194 thousand. In the US, there are no major releases on the schedule.
On Wednesday, the Federal Reserve will release the minutes of its September policy meeting, in which it held rates at 0.25 percent. As well, FOMC members William Dudley and Esther George will speak at public engagements.
….related:
US Dollar Looks to Move Higher
