USD/CAD hangs near multi-month low, below 1.4100 ahead of US/Canadian jobs data
Portfolio Pulse from
The USD/CAD currency pair is experiencing downward pressure for the fourth consecutive day, trading around 1.4070. Market sentiment is influenced by concerns over potential US recession risks from Trump's tariffs, expectations of potential Fed rate cuts, and upcoming US/Canadian jobs reports. Crude oil price fluctuations and ongoing trade tensions between the US and Canada are also impacting currency movements.
April 04, 2025 | 3:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
USD/CAD experiencing selling pressure due to potential US recession risks, trade tensions, and upcoming jobs data. Market sentiment remains cautious.
Multiple macroeconomic factors are creating downward pressure on USD/CAD, including trade tensions, potential Fed rate cuts, and uncertainty around jobs reports.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100