About: anakin
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Shaun Osborne from Scotiabank observes that GBP’s rise is mainly due to USD’s general weakness.
GBP strengthens as USD weakens, targeting 1.28 with support at 1.2715 and 1.2675/80 amid growing momentum.
Ted Cruz expressed hope that Trump’s tariffs won’t persist for long, benefiting Texas trade with Canada and Mexico.
Ted Cruz hopes tariffs are temporary, emphasizing Texas trade with Mexico and Canada while supporting Trump’s intended outcomes.
According to Scotiabank, the EUR’s appreciation continues amidst a weaker USD and rising European defence expenditure.
The EUR strengthens as USD weakens, with bullish momentum targeting the 1.0650/1.0750 range and 200-day average.
After a dip due to tariff reports, the Canadian Dollar recovers and performs relatively well.
The Canadian Dollar recovers, supported by a softer US Dollar and narrowing US/Canada 2Y spreads amid tariff concerns.
Tariff reversals may occur Sunday, coinciding with Prime Minister Trudeau’s successor announcement and market implications.
Mexico will delay tariffs announcement until Sunday, coinciding with Canada’s Liberal Party leadership decision, likely impacting elections.
