Canadian dollar stabilized against greenback today as markets concerns about the US-China trade war eased.
The Chinese Ministry of Commerce said that China will not respond to the recent US tariffs increase by President Trump in order to put an end to the ongoing trade war.
Trump praised the Chinese statements and confirmed that Chinese and US officials from the will meet today in Washington to discuss the trade file.
While Trump confirmed that his administration have received signals about China's intention to return to the trade talks.
Government data showed today that Canada's current account deficit narrowed to $6.4 billion during last month, better than forecasts of a deficit of $9.9 billion.
As of 15:54 GMT, CAD/USD steadied at 0.7517, with a high of 0.7539 and a low of 0.749.