USD/CAD higher

USD/CAD is trading at 1.2305, up 0.0027. The pair is trading choppy and range bound. The Bank of Canada will release its June Financial System Review at 10:30 am ET, followed by a press conference with BOC Governor Stephen Poloz and Deputy Governor Carolyn Wilkins at 11:15 am ET. Market chatter about possible comments coming from the press conference is making the rounds.