Stock markets diverged and the dollar dipped Friday as traders tracked US President Donald Trump’s latest tariff announcement, economic data and earnings. The European Union on Friday vowed to respond “firmly and immediately” to trade barriers after Trump unveiled tariffs that could hit allies and competitors. Trump on Thursday said he had decided to impose reciprocal duties, in a dramatic …
Read More »USD / CAD – Canadian dollar breaks higher
– Relief rally lifts Loonie – US reciprocal tariffs delayed until April – USD opens defensively USDCAD: open 1.4290, overnight range 1.4157-1.4202, close 1.4195, $71.42, Gold, $2935.70 The Canadian dollar surged yesterday, crashing through resistance and reaching a level last seen in the middle of December. The gains were fueled by relief that President Trump’s reciprocal tariff plan would be …
Read More »USD / CAD – Canadian dollar firm attempting to rally
– Possible Ukraine/Russia peace talks boost risk sentiment – Canada could face more Trump tariffs today. – USD opens rangebound and mixed. USDCAD: open 1.4290, overnight range 1.4255-1.4307, close 1.4309, $70.23, Gold, $2918.02 The Canadian dollar rode a wave of positive risk sentiment in Asia but quickly gave back all the gains by the time NY opened. The rally was …
Read More »USD / CAD – Canadian dollar firm but rangebound
– Canadian dollar awaiting US inflation data. – Fed Chair Powell testifies again-this time to the House at 10:00 am. – USD opens on a mixed not with the Japanese yen underperforming. USDCAD: open 1.4308, overnight range 1.4280-1.4316, close 1.4285, $72.29, Gold, $2883.23 The Canadian dollar is drifting higher ahead of today’s US inflation report, but gains are likely to …
Read More »USD / CAD – Canadian dollar steady
– Canadian dollar shrugs off lates Trump tariff – Fed Chair Powell testifies at 3:00 pm – USD opens with modest gains after cautious overnight session. USDCAD: open 1.4343, overnight range 1.4316-1.4345, close 1.4318, $73.18 Gold, $2903.43 The Canadian dollar traded sideways in an uneventful overnight session despite President Trump imposing tariffs on imports of Canadian steel and aluminum. It …
Read More »Fed chair says he will not launch a digital dollar
Federal Reserve Chair Jerome Powell told US lawmakers in the Senate that the department would not issue a central bank digital currency (CBDC) while he was chair. Speaking at a Feb. 11 Senate Banking Committee meeting, Powell responded to questions from Ohio Senator Bernie Moreno, whose 2024 election may have been influenced by ads funded by crypto-backed political action committees. …
Read More »USD / CAD – Canadian dollar on tariff watch
– Canadian dollar sinks then climbs on latest Trump tariff salvo – New Trump tariffs sour risk sentiment. – USD opens higher-EURUSD loses the most. USDCAD: open 1.4333, overnight range 1.4316-1.4381, close 1.4292, $71.94, Gold, $2902.66 The Canadian dollar traded rather excitedly in the opening hours of Asia. It fell to its session low very early on then recovered most …
Read More »Stock Markets, Dollar Mixed Before Key US Jobs Data
Global stock markets and the dollar diverged Friday as investors awaited US jobs data for signs of possible cuts to interest rates in the world’s biggest economy. It comes at the end of a volatile week for assets caused by US President Donald Trump’s move to impose tariffs on key trading partners China, Canada and Mexico. “All eyes will be …
Read More »USD / CAD – Canadian dollar on job watch
– Upside risk to Canada job gain forecast of 25,000. – NFP revisions are key to US dollar trading today. – USD opens little changed after quiet overnight session. USDCAD: open 1.4325 overnight range 1.4302-1.4327, close 1.4306WTI $71.15, Gold, $2867.47 The Canadian dollar drifted higher alongside broad US dollar weakness yesterday but traded quietly overnight. Statistics Canada is expected to …
Read More »Bitcoin Bulls Rejoice? Analyst Sees Weakening US Dollar As Major Catalyst
As Bitcoin (BTC) continues to trade within a tight range of $96,000 to $102,000, analysts are eyeing a potential bullish catalyst in the weakening US dollar (USD). A further decline in the USD could trigger renewed bullish momentum for risk-on assets, including BTC. Weakening USD Good For Bitcoin Price, Analyst Says BTC has had quite a tumultuous past few days, …
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