USD/CAD Eyes 1.4130 as Oil Rout and USMCA Fears Batter Loonie
USD/CAD holds strong as tumbling crude oil prices and looming USMCA renegotiation risks prevent the Canadian dollar from joining the broader global risk-on rally.
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USD/CAD holds strong as tumbling crude oil prices and looming USMCA renegotiation risks prevent the Canadian dollar from joining the broader global risk-on rally.
A global risk-on rally fueled by trade deal optimism and tech surges lifted markets including Apple shares, which rallied amid overall bullish momentum and diplomatic progress in Asia and the US.
Markets shrug off a US government shutdown as Fed rate-cut expectations and AI-driven risk-on buying push stocks and gold to records; European PMIs and tariff fallout could still influence moves.
Traders expect soft U.S. payrolls and Fed rate cuts, lifting stocks, easing yields and nudging EURUSD higher ahead of the data and eurozone, UK, and Germany reports.
Dollar weakens as traders price U.S. rate cuts; euro rises and EURUSD up 0.35%. Nvidia posts strong revenue forecast but slips on China concerns, while major indices hit record closes.