The USD/CAD pair is seen consolidating its recent strong gains to a four-week high and oscillating in a narrow band around mid-1.3300s through the Asian session on Thursday. The US Dollar (USD) stands tall near its highest level since July 7 touched on Wednesday as investors now seem convinced that the Federal Reserve (Fed) will stick to its hawkish stance. Despite the Fitch downgrade of the US credit rating, the incoming upbeat US macro data points to an extremely resilient economy and should allow the Fed to keep interest rates higher for longer. In fact, the US ADP report showed on Wednesday that private-sector ... (full story)