The USD/CAD rises after a failed attempt to break the key technical support in 1,3800, with ongoing commercial uncertainties maintaining the pressure on the Canadian dollar (CAD), analysts of analysts report BBH FX.
The lack of a commercial agreement weighs on the CAD
“The USD/CAD is higher after failing to maintain a break below the key technical support in 1,3800. Although commercial hostility between Canada and the US has reached its maximum point, there is no commercial agreement in sight, which remains a ballast for the CAD.”
“The annual financial stability report of the Bank of Canada is published today (3:00 PM London). The 2024 report concluded that the Canada’s financial system remained resilient, while warning that the highest capacity for the service of the debt and the assessments of assets stretched were the two key risks for stability. It is likely that the updated report is expanded to evaluate how the commercial uncertainty is affecting the financial system is affecting the financial system. Canadian. “
Source: Fx Street
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