-
USD/CAD Spikes to Fresh Monthly High as Trump Prepares Canada Tariff
USD/CAD spikes to a fresh monthly high (1.4517) as US President Donald Trump plans to impose a 25% tariff on Canadian goods starting February 1, and the exchange rate may continue to track the positive slope in the 50-Day SMA (1.4217) as it still holds above the moving average. USD/CAD may further retrace the decline from the 2020 high (1.4668) as it attempts to break out of the range bound price action from earlier this month, and developments coming out of the US may continue to sway the exchange rate as the Trump Administration unveils an ‘America First Trade Policy.’ It remains to be seen if authorities in ... (full story)
- Comments
- Subscribe
- #1
- Quote
- Jan 21, 2025 1:36pm Jan 21, 2025 1:36pm
- slaskey099
- | Joined Nov 2024 | Status: Trader | 3 Comments
-
- Older Stories
From finance.yahoo.com|Jan 21, 2025UK employment plunged in the weeks after Labour increased payroll taxes in its first budget, reinforcing the case for the Bank of England to continue cutting interest rates. Data ...
From capitalspectator.com|Jan 21, 2025|6 commentsOn his first day as president, Donald Trump announced bold plans to reshape economic policy. His ideas for revising US priorities are as brash and audacious as they are ...
From economics.bmo.com|Jan 21, 2025Canadian consumer prices fell 0.4% m/m in December, held down by massive seasonal factors as well as the mid-month GST/HST holiday. This was just enough to shave the headline ...
-
- Newer Stories
From corporate.nordea.com|Jan 21, 2025The strong US economy coupled with Trump’s inflationary plans will keep the Fed on hold for the foreseeable future, we think. The ECB will continue cutting rates, while we expect ...
From bnnbloomberg.ca|Jan 21, 2025The Mexican peso tumbled after President Donald Trump vowed to impose stiff tariffs, reigniting fears among traders that the nation will become a target over the next four years. ...
From omfif.org|Jan 21, 2025The historical resonance of 2025 cannot be overstated. It marks the halfway point to achieving the United Nations’ Sustainable Development Goals, reflecting progress and ...
- Story Stats
- Posted: Jan 21, 2025 12:18pm
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 6,101
