The USD/CAD pair ticks higher during the Asian session on Wednesday, snapping a three-day losing streak to the 1.3915 area or its lowest level since June 10. Spot prices, however, lack bullish conviction and trade around 1.3930, awaiting the release of the latest US inflation figures. The outlook, in turn, will play a key role in influencing the US Dollar (USD) demand in the near term and providing a fresh impetus to the USD/CAD pair. According to CME Group's FedWatch Tool, traders are currently pricing in over a 75% chance that the Fed will raise borrowing costs by the end of this year. This, along with persistent geopolitical uncertainties, lends some support to the safe-haven Greenback and helps limit the downside for the USD/CAD pair, warranting caution for bears.