USD/CAD is testing the resistance level at 1.2685.
It’s a busy economic calendar, with ECB President Lagarde also scheduled to speak. Economic data from the U.S will be key later in the day, however.
The dollar continued to slide following the softer than expected U.S. CPI report. The dollar was lower most other major currencies as traders awaited the Fed decision. Tuesday’s consumer price report showed a deceleration in inflation expectations which weighed on the greenback.