Currencies and Forex Analysis & Opinion

As markets assess the implications of the Zelenskyy-Trump clash on Friday, the focus today is whether US tariffs on Mexico and Canada will go ahead. The FX market is not pricing in 25% duties as a...

CAD Given that Canada was the explicit target of yesterday’s US tariff threats, it is no surprise to see USDCAD notching higher, with the pair now trading above 1.44 on the back of these latest...

In response to criticism of tariff 'confusion', President Trump stepped in emphatically yesterday to announce that tariffs would be going ahead on Canada, Mexico, and China next Tuesday. That's the...

The US dollar has come under some pressure on the back of the rerating of the US growth outlook and expectations that the Russia-Ukraine conflict is nearing an end. However, we expect US tariffs to...

CAD While the loonie has not fully unwound the recent move lower on the back of Trump’s comments yesterday, it is notable that USDCAD has begun early trading this morning with a softening bias. All...

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CAD The loonie was a notable standout on Tuesday for all the wrong reasons. CAD sold off against the dollar, even as the greenback gave up ground against the rest of the G10 complex. This move has...

EUR/USD remains resilient after dipping below 1.05, hinting at a potential breakout. Weak US data and stagflation fears fuel Fed rate cut bets, pressuring the dollar. A break above 1.0500 could pave...

The German election results initially boosted optimism, but uncertainty over coalition talks is keeping pressure on EUR/USD. Trump's confirmation of tariffs on Mexico and Canada increased safe-haven...

CAD While Q4 GDP to end the week remains the main data release of note in Canada, Trump’s comments overnight shift the focus for loonie traders squarely onto trade risks. This has already propelled...

Trump said yesterday that tariffs on Mexico and Canada are still on the table ahead of next Monday’s deadline. Markets remain reluctant to price that in for now, and some soft US consumer confidence...

USD/CAD Key Points Trump’s tariff reprieve on Canada is set to expire next week on March 4, leaving USD/CAD traders uneasy. The Canadian election is shaping up to be a potential coinflip between...

CAD While elections are in focus in Europe, in Canada it is GDP data that should be front of mind this week. Set to be released on Friday, we expect to see growth rebound sharply in Q4. Our base case...

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