USD/CAD Moves Higher

USD/CAD is trading at 1.2781, up 0.0127. The pair has accelerated its move up Monday from early in the session. The Bank of Canada is scheduled to announce any changes to monetary policy on Wednesday at 10:00 a.m. ET. The bank will likely make a statement and is scheduled to hold a press conference afterwards. Market chatter about global headline news is ongoing and has kept both buyers and sellers active. Chatter about weak crude oil prices has led to some buying.