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USD/CAD tumbles to near 1.4100 as US Dollar nosedives on US recession risks

Summary by FXStreet

The USD/CAD pair faces a sharp sell-off and slides to near 1.4100 during European trading hours on Thursday. The Loonie pair weakens as the US Dollar (USD) nosedives after the release of the reciprocal tariff plan by United States (US) President Donald Trump on Wednesday.

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USD/CAD Rebound Stalls As Trump Tariffs Loom

The USD/CAD currency pair has recently experienced a pullback from its fresh weekly high of 1.4415. This shift comes as US President Donald Trump edges closer to imposing reciprocal tariffs, stirring up volatility in the forex market. The Canadian Dollar (CAD) is now at a crossroads, with upcoming developments in US trade policy and the Bank of Canada’s (BoC) monetary stance set to play pivotal roles in shaping the pair’s trajectory. Table of Co…

1 day ago

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World Stock Market

USD/CAD is maintained near minimums of several months, below 1,4100 before US employment data and Canada - World Stock Market

The USD/CAD quotes with a negative bias for the fourth consecutive day in the middle of the predominant vendor of the USD. Concerns that Trump’s tariffs can trigger a recession in the USA. The night fall in crude oil prices weakens the CAD and provides some support to the pair. Operators also seem reluctant to open new directional positions before US employment reports. The USD/CAD pair remains under a certain selling pressure for the fourth con…

2 days ago

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