USDCAD's faith remains tied to the April 2nd tariffs plan
Portfolio Pulse from
The USDCAD currency pair is currently in a range-bound state, with traders anticipating the US tariffs plan to be unveiled on April 2nd. The Canadian Dollar's potential movement is heavily dependent on the outcome of this announcement. Short-term economic indicators like Canadian GDP and US PCE report are considered secondary to the upcoming tariffs event.
March 28, 2025 | 11:30 am
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NEUTRAL IMPACT
The Canadian Dollar ETF (FXC) is likely to experience volatility based on the upcoming US tariffs plan, with potential significant price movement depending on the announcement's details.
The tariffs announcement could dramatically impact the Canadian Dollar, directly affecting the FXC ETF's performance. Neutral stance due to uncertainty of the announcement's specifics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80