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Powell and Payrolls in focus Oil price plunge on Opec plan to boost production. US dollar rallies from yesterday’s NY close-AUD is the worst performing G-10 currency. USDCAD: open 1.4209,...
Economic Outlook and Summary Trump’s trade tirade scorched the earth in March—his tariffs sparked retaliatory threats from China, a diplomatic cold front with Mexico, and Canada. Trump nailed Canada and...
Global equity indexes plunge in wake of Trump tariffs. US ISM services and weekly jobless claims data overshadowed by tariff news. US dollar plunges across the board USDCAD: open 1.4125,...
Markets treading water ahead of Tariff announcements at 4:00 pm EDT. US ADP payrolls data in focus (forecast 105,000, previous 77,000) US dollar retreats modestly in quiet session. USDCAD: open...
Looming tariffs are weighing on the Loonie US ISM Manufacturing PMI expected to dip to 49.5 from 50.3. US dollar trading sideways but bid against commodity bloc. USDCAD: open 1.4369,...
Risk aversion soars as tariff day nears Economic data takes a back seat to headlines. US dollar opens broadly mixed-Safe-haven currencies gain USDCAD: open 1.4353, overnight range 1.4276-1.4362, close 1.4320,...
US Core PCE Index expected to rise to 2.7% from 2.6% y/y Canada GDP expected to have ticked higher in January. US dollar opens mixed-commodity currency bloc underperform. USDCAD: open...
Trump slaps tariffs on autos. Tariff noise will overshadow US GDP data. USD dollar opens mixed to a tad softer compared to close. USDCAD: open 1.4286, overnight range 1.4260-1.4316, close...
Loonie traders ignoring tariff threats. Canadians hoping to avoid the worst of Trump’s tariffs. USD dollar opens with modest losses. USDCAD: open 1.4253, overnight range 1.4247-1.4299, close 1.4280, WTI 69.46,...
Improved risk sentiment on Tariff walk-back lifts Loonie. US consumers may not be very confident. USD trading defensively but inside well-defined ranges. USDCAD: open 1.4319, overnight range 1.4285-1.4333 close 1.4319,...
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