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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, WTI 69.51, Gold 3114.57 The Canadian dollar dropped on the back of rising risk aversion sentiment which roiled markets worldwide. Canadian dollar price action is […]
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, Gold 3018.22 The Canadian dollar inched higher overnight as traders appear to ignore the looming tariff threats. The ongoing Canadian federal election is a non-event […]
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, WTI 69.58, Gold 3023.63 The Canadian dollar is trading higher after improved sentiment stemming from Trump’s latest tariff U-turn. He hinted that auto tariffs might […]
Bank of Canada rate cut of 25 bps is fully priced in. Focus is on US CPI and tariff talk USD trading mixed but with a slight negative bias. USDCAD: open 1.4436, overnight range 1.4422-1.4485, close 1.4436, WTI 66.74, Gold 2914.27 The Canadian dollar is trading in New York a tad firmer from where it […]
Doug Ford slaps 25% tariff on US electricity exports Global equity indexes trying to recover yesterday’s losses. USD opens rallies across the board except vs EUR and GBP USDCAD: open 1.4414 overnight range 1.4394-1.4448, close 1.4440, WTI 66.42, Gold 2911.44 The Canadian dollar is consolidating yesterday’s losses and is well above its weakest points as […]
Trump threatens a 250% tariff on Canadian dairy. Fed Chair Powell is still in no hurry to cut rates USD opens mixed after a quiet overnight session. USDCAD: open 1.4355 overnight range 1.4355-1.4392, close 1.4374, WTI 67.19, Gold 2910.83 The Canadian dollar is slipping lower on the back of fresh tariff threats from Trump […]
Trump tariff delay not matched by Canada US and Canadian employment data ahead USD continues to slide due to Trumps muddle messaging USDCAD: open 1.4315, overnight range 1.4280-1.4320, close 1.4296, WTI 67.54, Gold 2917.59 The Canadian dollar rallied hard on the news that President Trump decided to cancel the 25% tariffs on imports from Canada […]
Mixed messaging on tariff start dates confuse markets US/Ukraine mineral deal in focus US dollar rangebound in cautious trading. USDCAD: open 1.4338, overnight range 1.4322-1.4364, close 1.4339, WTI 69.30, Gold 2892.08 The Canadian dollar is consolidating recent losses on the approach to the March 4 tariff date and ahead of a slew of US economic […]
Approaching tariff date sinks Loonie. US consumers getting nervous. US dollar opens on a mixed note-Canadian dollar is the worst performing G-10 currency USDCAD: open 1.4345, overnight range 1.4292-1.4345, close 1.4317, WTI 69.03, Gold 2912.97 The Canadian dollar gave up more ground overnight as the March 4 tariff date nears. Many Canadians were convinced […]
Trump suggests he will go ahead with Canada tariffs. Risk aversion rises on chaotic White House messaging. USD giving back some of overnight gains in early NY trading. USDCAD: open 1.4268, overnight range 1.4240-1.4280, close 1.4261, WTI 70.65, Gold 2937.63 The Canadian dollar was Trumped yesterday, and it is licking its wounds this morning. Yesterday, […]
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