The CAD is a moderate lagging in the session, giving slightly next to its peers of raw materials in the middle of a fragile appetite for the risk, says Shaun Osborne, head of Strategy of FX of Scotiabank.
Corrective gains of the USD/CAD can be extended to 1,4400/50
“President Trump gave Mexico and – appropriately – a respite in the 25% tariff Tariffs could increase over time (which, presumably, would no longer make them ‘reciprocal’).
“The signals for the economy in general can help inform BOC policies on the perspectives of rates beyond the decision of next week, which is expected to result in a rate cut of 25 basic points (BPS) – although the fixation of the market has reduced a pair of BPS of early flexibility after the strip and loosen in Washington on the tariffs on the tariffs. For the leadership of the Liberal Party.
“The fall of the USD below the support in the middle/higher of 1.43 generated the expected test of 1,4250 (which remains support) yesterday, but the action of the intra -diacy 1,4550 (firm resistance).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
