USD/CAD consolidates near multi-week top, below 1.4400 ahead of Trump's tariffs
Portfolio Pulse from
The USD/CAD currency pair is experiencing volatility due to multiple factors including potential US tariffs, political uncertainty, and oil price movements. Traders are cautious ahead of Trump's potential tariff announcements and upcoming US economic data releases.
April 01, 2025 | 9:30 am
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NEGATIVE IMPACT
The Canadian Dollar (CAD) is experiencing pressure from potential trade escalations and domestic political uncertainty ahead of the upcoming election.
Potential trade tensions and domestic political uncertainty are likely to negatively impact the Canadian Dollar in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90