The USD/CAD continues

• The USD/CAD is maintained above 1,3800 while the US dollar is stabilized with a slight increase in the expectations of a decalsed in the commercial war between the US and China.
• Beijing has announced that it will renounce additional tariffs on the imports of EE.UU.
• The hopes of tariff relief about some imports of foreign cars by Washington have supported the Canadian dollar.

The USD/CAD pair moves slightly up to 1,3855 during negotiation hours in North America on Tuesday. The Loonie pair wins as the US dollar (USD) rises slightly, with investors becoming a little optimistic about the decala in the commercial war between the United States (USA) and China.

At the time of writing, the American dollar index (DXY), which tracks the value of the dollar against six main currencies, rises to about 99.10.

During the North American session, Reuters reported that Beijing has decided to renounce the 125% tariff on the imports of the US EE.U. Tax at the beginning of this month. This seems to be a positive step towards improving commercial relations between the US and China. According to the Energy Information Administration (EIA), China buys almost half of US ETA exports.

Market participants believe that both nations would need to reduce tariffs of mutually taxes, given their mutual dependence on a significant number of inputs.

Meanwhile, US Treasury Secretary Scott Besent has also indicated that the highest tariffs by both nations are “unsustainable.” However, Besent wants China to start commercial conversations, which still has the hopes of a commercial resolution between the US and China in a state of uncertainty.

In the Front of Economic Data, the US Jolts job offers data for March did not comply with estimates. American employers published 7.19 million new jobs, below the expectations of 7.5 million and 7.48 million seen in February.

In the Canadian region, the hopes of tariff relief about some imports of cars by the US have offered some relief to the Canadian dollar (CAD). Bloomberg reported on Monday that President Donald Trump could announce tariff relief on some car parts, which are used in the manufacture of cars in the USA since Canada is one of the main car exporters to the US, the holder supported the Loonie.

Looking ahead, investors will focus on the monthly gross domestic product (GDP), which will be published on Wednesday. The Canadian economy is expected to remain flat, compared to the growth of 0.4% seen in January.