The US Dollar lost its ground against the Canadian peer after the dovish testimony of the FED chair Powell. However, the BoC also joined the other dovish central banks pointing on trade dispute which weighs on the economy and on demand for its main exporting commodity. It kept its benchmark interest rate unchanged but will stay cautious even though no intervention is planned. The support for the loonie came from the surging oil amid disrupted supply in the Gulf of Mexico and after the EIA reported three times more-than-expected fall in the crude stockpiles. According to RSI, the pair is approaching an oversold area, but it is expected to hold the trend.