USD/CAD strengthens to near 1.4400 amid rising risk aversion
Portfolio Pulse from
The USD/CAD currency pair is experiencing upward movement near 1.4390 due to rising geopolitical uncertainties, particularly surrounding potential US trade tariffs. President Trump's announcement of broad tariff plans and previous threats against auto imports are creating market tension, while potential crude oil price increases could provide some counterbalance to the Canadian Dollar's weakness.
March 31, 2025 | 11:15 pm
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The Canadian Dollar ETF is likely to experience volatility due to potential US trade tariffs and geopolitical uncertainties affecting Canada's export-dependent economy.
The ETF tracking the Canadian Dollar will likely be negatively impacted by potential trade restrictions, given Canada's heavy export dependence on the US market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80