Investing.com - The U.S. dollar slipped lower against its Canadian counterpart on Wednesday, as sentiment on the greenback was vulnerable amid fresh U.S. political concerns and ahead of the minutes of the Federal Reserve's most recent policy meeting.
USD/CAD was down 0.18% at 1.2494 by 9:30 a.m. ET (13:30 GMT).
The greenback came under pressure as U.S. President Donald Trump's public feud with Tennessee Senator and fellow Republican Bob Corker sparked concerns over the vote of a major tax-code reform.
Market participants were also looking ahead to the minutes of the Fed's latest policy meeting due to be released later in the day, for further indications on upcoming rate hikes.
At its September meeting, the Fed had signaled the possibility of a third rate hike this year.
Meanwhile, the commodity-related Canadian dollar benefitted from rising oil prices, amid growing signals that the market is tightening.
The loonie was lower against the euro, with EUR/CAD adding 0.16% to 1.4801.
The euro regained some strength as Spanish political tensions eased after Catalan President Carles Puigdemont on Tuesday signed a document proclaiming the region's independence from Spain, but suspended the move for the coming weeks, averting an immediate crisis.