The Canadian Dollaar Cadusd Was the Top-Performing Group of 10 Currencies on Tuesday As Investors Weighed Prospects of Trade Tensions De-Lescalating Between the United States and China.
Wall Street Rallied and the US Dollar Jumped Against a Basket of Major Currencies after a report that US Treasury Secretary Scott Bess Had Said A Tarif Standoff With China Was Unsistainable, and that he Expects the situation to de-heacalaate.
“The Canadian Dollar Tends to Outperform Wheen Trade Tensions Are Declining and Underperform When Trade Tensions Are RISING,“ SAID Adam Button, Chief Currency Analyst at Forexlive.
“ITS to Me The Global Paradigm is RealLY The One to Think About.”
The price of Oil settled up nearly 2% at $ 64.31 a barrel, which the lovee was trading 0.2% high at 1.3816 Per us dollar, or 72.38 US Center.
It was the Only G10 Currency to Gain Ground Against the Greenback. On Monday, It Touged a Six-Secne Intday High at 1.3778.
Canada Has Largely Avoeded us tariffs on goods that are compound with a continental trade pact but its exports, includeing Oil, Face Additional Headwinds from An Expected Global Economic Download.
“Canada is Likely to be collateral Damage,” button said.
The IMF SLASHED Its Canadian Growth Forecast to 1.4% in 2025 and 1.6% in 2026 from 2% Projected for Both YARS in January.
Canadian Prime Minister Mark Carney Took His Election Campaign to Quebec, Saying Only He COULA PROTECT The PREDININTLY FRENCH-Speaking ProvinCe from Us Presitive Donald Trump.
Canadian Bond Yields Were Mixed Across a Flatter Curve, with the 10-Year Download 4.5 Basis Points at 3.199%.
