The Canadian Dollar recovered from multi-year lows after Canada and the U.S. agreed on measures to prevent the imposition of trade tariffs.
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The Canadian Dollar can rally if the U.S. softens its stance on import tariffs later today.
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The Canadian Dollar is at risk of further decline as the Bank of Canada will opt to slash interest rates if the U.S. imposes 25% tariffs on Canadian imports.
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The Canadian Dollar is under pressure against the British Pound. The midweek Bank of Canada interest decision will prove the week's calendar highlight.
Read more … →The Canadian Dollar is forecast to fall to all-time lows if the U.S. imposes a 25% import tariff on Canadian goods.
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The Canadian Dollar rallied amidst signs Donald Trump won't rush into hiking imports on Canadian goods.
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GBPCAD will be tested by technical resistance this week. A break above here can occur if Trump hits Canada with import tariffs.
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