The USD/CAD currency pair remained relatively flat around the 1.3810 level during the European trading session on Thursday, as market participants awaited the release of the US Producer Price Index (PPI) data for August.
According to FX Street, the US PPI figures are scheduled to be published at 12:30 GMT, with traders closely monitoring the data for signs of inflationary pressure that could influence future Federal Reserve policy decisions.
For Japanese investors, movements in the USD/CAD pair can impact broader currency and equity market sentiment, especially given Japan’s trade links with both the US and Canada, making such data releases important to watch.