The USD remained depressed amid renewed US-China trade uncertainty. Weaker oil prices undermined the loonie and helped limit the downside. The USD/CAD pair was seen oscillating in a narrow trading band through the early European session on Tuesday, with bears awaiting a sustained break below the 1.3200 handle. The pair lacked any firm directional bias on Tuesday and consolidated the recent sharp pullback from one-month tops. A combination of diverging forces failed to provide any meaningful impetus and lead to a subdued/range-bound price action. Weaker oil prices offset trade uncertainty The US dollar remained depressed amid receding hopes for a preliminary US-China trade deal. In the latest trade-related development, CNBC reported on Monday that Chinese officials are pessimistic that a trade deal will be signed with the United States. The report, which cited government sources, said the bleak outlook was due to the US President Donald Trump’s reluctance to roll back tariffs and weighed on the USD, albeit a modest uptick in the US Treasury bond yields helped limit the downside. Meanwhile, oil prices fell for the second straight day on Tuesday amid fresh US-China trade jitter and expectations of a rise in the US inventories, which undermined the commodity-linked currency – loonie and extended some support to the major. Moving ahead, market participants now look forward to the US economic docket, featuring the release of housing market data, which coupled with speeches by influential FOMC member might produce some meaningful trading opportunities later this Tuesday. Technical levels to watch 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 Indian Ruppe & Silver Prices Prediction: USD/INR slips back below 72.00 & XAG/USD spot Intraday FX Street 3 years The USD remained depressed amid renewed US-China trade uncertainty. Weaker oil prices undermined the loonie and helped limit the downside. The USD/CAD pair was seen oscillating in a narrow trading band through the early European session on Tuesday, with bears awaiting a sustained break below the 1.3200 handle. The pair lacked any firm directional bias on Tuesday and consolidated the recent sharp pullback from one-month tops. A combination of diverging forces failed to provide any meaningful impetus and lead to a subdued/range-bound price action. Weaker oil prices offset trade uncertainty The US dollar remained depressed amid receding hopes for… 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.