USD/CAD trades around 1.3915 on Wednesday at the time of writing, virtually unchanged on the day with a modest decline of 0.06%. The US Dollar Index (DXY), which measures the value of the Greenback against a basket of six major currencies, edges slightly lower following the release. On the Canadian side, Oil remains a key driver for the Canadian Dollar (CAD), as Canada is a major crude exporter. This backdrop could provide some support to the Canadian Dollar and help contain USD/CAD, while US inflation data matching expectations offer little fresh catalyst for the US Dollar. The Relative Strength Index (RSI) hovers near 34, hinting at lingering downside pressure while stopping short of outright oversold conditions.