USD/CAD Deepens From 1.36712 as Pressure Builds
Research preview
USDCAD News And Catalyst Brief The news tape is giving a clearer macro cue around geopolitical risk and dollar direction. USDCAD has a balanced headline read, with central-bank expectations and commodity pressure setting the volatility backdrop. Final bias: neutral until price accepts a level outside the current pivot range. For the trade plan, the news gives direction of risk while the chart decides whether that risk is tradable. THE U.S. IS POISED TO CUT ITS TARIFF RATE ON CANADIAN AUTOS TO 15% FROM 25% IN A TRADE DEAL, WITH TRUMP HAVING OFFERED TO CUT THE AUTO TARIFFS TO 15%, THOUGH THE U.S.-CANADA TRADE DEAL IS NOT YET FINAL, SOURCES SAY...
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