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USD/CAD remains stronger for the second successive day, trading around 1.4270 during Asian hours on Thursday. However, potential gains for the pair may be capped by strength in the commodity-linked Canadian Dollar (CAD), which could draw support from rising crude oil prices.
The USD/CAD pair attracts some dip-buyers during the Asian session on Tuesday, stalling the previous day's modest pullback from the vicinity of the 1.4300 mark, or its highest level since April 2025.
The euro rose against a basket of major currencies in early trading on Thursday, attempting to recover from a 17-month low against the US dollar as bargain hunting picked up.