USD/CAD is hovering above the 1.35 psychological level at the end of last week as attention turns towards the Federal Reserve interest rate decision and Canadian inflation data in the coming days. USD/CAD rose modestly across the week on USD strength after stickier-than-expected inflation fueled expectations that the Federal Reserve may not be able to cut rates three times this year as they had signaled in the December meeting. While the US dollar index rose 0.7% versus its major peers, the loonie put up some resistance as oil prices rallied to a four-month high above $80.00 a barrel. The latest leg higher for ... (full story)