USD/CAD corrects to near 1.4420 as US-Canada enters trade war
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The USD/CAD pair has corrected sharply to near 1.4420 from a monthly high of 1.4542 due to the Canadian Dollar's outperformance following Canada's announcement of retaliatory tariffs against the US.
March 18, 2025 | 11:30 am
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The USD/CAD pair has dropped to 1.4420 from a monthly high of 1.4542 as the Canadian Dollar strengthens following Canada's retaliatory tariffs against the US.
The announcement of retaliatory tariffs by Canada has strengthened the CAD, leading to a decline in the USD/CAD pair. This is a direct response to trade tensions, impacting the currency pair negatively in the short term.
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