Discussions on tariffs with the USA are ongoing, with updates expected after the stock market closes.
USD/CAD drops 51 pips to 1.4337, reaching weekly lows amid US tariff anticipation and market optimism.
Crude oil prices dropped 2.88% to $66.31 amid economic concerns and OPEC+ production plans, testing key support.
Trump may allow more tariff exemptions; Canada challenges WTO; Democrats might push a House vote on tariffs.
White House grants one-month auto exemption under USMCA; concerns raised over fentanyl trafficking from Canada, prompting action.
Trudeau called Trump about tariffs and fentanyl; Trump remained skeptical. Possible tariff reductions may happen soon.
Trump and Trudeau discussed tariffs, trade, and fentanyl; USDCAD declined while US stock indices showed gains.
EURCHF hits highest level since July 2024, rising 1.6%, surpassing key resistance levels amid Euro strength.
Market anticipates 77 basis point Fed easing reduction, influenced by inflation trends and tariff uncertainties, per NY Fed.
Germany plans to lift the debt brake, allocating 500 billion euros for infrastructure, impacting markets and politics.
