The mounting pressure on the Canadian dollar ahead of “Liberation Day” has sharply eased following the ISM data indicating a slowdown in the U.S. industrial sector (USDCAD: -0.5%).
According to the latest ISM report, the U.S. industrial expansion of the past two months has stalled. Various sectors are reporting a significant decline in orders from Canada, while price pressures are weighing on weakening demand and reduced production.
The Canadian dollar is also being supported by recent remarks from Mark Carney. The Prime Minister of Canada emphasized in Winnipeg his readiness to retaliate against new U.S. tariffs and pledged to make every effort to keep the Canadian automotive sector competitive with the U.S.
USDCAD has just given up on all recent gains, heading towards key suppor around 1.428. CAD’s appreciation may be a sign that trade war risk has been already priced in by the investors. Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
