The Euro remained little changed on the upside around 1.1700 against the US Dollar after Ifo German business climate indicator decelerated to 101.7 in July ahead of Trump-Juncker meeting scheduled for later on Wednesday. It is expected that Juncker would try to persuade Trump to de-escalate the conflict and not impose tariffs on autos.
The greenback kept losing ground against its Canadian counterpart, dragging the USD/CAD pair below the 1.3100 handle to two-week lows. The pair extended overnight rejection slide from the 1.3200 neighborhood and was further weighed down by a combination of negative factors, ranging from the prevalent US Dollar selling bias and bullish commodity prices.