USD/CAD struggles to make a decisive move in either direction. US Dollar Index struggles to hold above 93.00. Investors wait for FOMC’s Interest Rate Decision and Monetary Policy Statement. The USD/CAD pair gained traction in the early American session and climbed toward 1.3200. However, the pair struggled to preserve its momentum and was last seen losing 0.15% on the day at 1.3162. DXY retreats below 93.00 after modest rebound Earlier in the day, the data published by Statistics Canada showed that the annual Consumer Price Index (CPI) in Canada remained unchanged at 0.1% in August. On the other hand, Retail Sales in the US increased by 0.6% and the NAHB Housing Market Index improved to 83 and beat the market expectation of 78. Nevertheless, the market reaction to these data was mixed with investors opting out to remain on the sidelines while waiting for the FOMC to announce its policy decisions following the September meeting. The US Dollar Index, which dropped below 92.80 earlier in the day, turned positive above 93.00 in the last hour but returned to 92.90 area, reaffirming the indecisive market action. Previewing this key event, “given the fact that markets do not expect the Fed to tighten monetary policy anytime soon, the FOMC may not be in a hurry to provide specific numbers or dates,” said Rabobank analysts. “A significant setback in the economic recovery would force the Fed to rethink its monetary policy stance.” Federal Reserve Preview: 15 major banks expectations. Meanwhile, the barrel of West Texas Intermediate is gaining more than 3% on Wednesday, helping the commodity-sensitive CAD stay resilient against its rivals. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP drops further to the 0.9100 area, as pound outperforms FX Street 2 years USD/CAD struggles to make a decisive move in either direction. US Dollar Index struggles to hold above 93.00. Investors wait for FOMC's Interest Rate Decision and Monetary Policy Statement. The USD/CAD pair gained traction in the early American session and climbed toward 1.3200. However, the pair struggled to preserve its momentum and was last seen losing 0.15% on the day at 1.3162. DXY retreats below 93.00 after modest rebound Earlier in the day, the data published by Statistics Canada showed that the annual Consumer Price Index (CPI) in Canada remained unchanged at 0.1% in August. On the other hand, Retail… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.