The USD/CAD pair declined on Tuesday, where despite China's decision to hike its benchmark interest rates by 25 basis points, as higher oil prices pushed the USD/CAD pair to the downside.
Meanwhile, the ISM released the services index for the month of March, which showed that services activities eased in the United States, however, the index continued to show expansion, moreover, the FOMC Minutes is not expected to change the markets.
Wednesday 14:00, Canada will release the Ivey Purchasing Managers Index for the month of March, where the Ivey PMI expanded at 69.3 in February, however, median estimates suggest that activities eased in March to reach 65.0; however, the index is still showing expansion.
Originally posted here
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