The CAD is a moderate underperformer on the session, easing slightly alongside its commodity peers amid fragile risk appetite, Scotiabank's Chief FX Strategist Shaun Osborne notes.
In an interview with CNBC on Friday, US Treasury Secretary Scott Bessent said that they are committed to policies that will lead to a strong US Dollar, per Reuters.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has written a bit of history this week, with at one point a 3.5% devaluation since Monday and trading near 103.80 at the time of writing on
Canada’s February labor force report will help shape rate expectations ahead of next week’s Bank of Canada (BOC) policy setting meeting, BBH FX analysts report.
European natural gas prices have been on decline recently and fell to the lowest level since last October yesterday below EUR40/MWh, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
EUR/USD has largely stabilized around the 1.08 mark following this week's rally, driven by the seismic shift in fiscal spending in the euro area, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
EUR/USD trades firmly around the fresh four-month high of 1.0850 in Friday’s North American session after the release of the softer-than-expected United States (US) Nonfarm Payrolls (NFP) data for February.
The Canadian dollar rallied yesterday on the US announcement that USMCA-compliant products would be exempt from tariffs until 3 April, ING's FX analyst Chris Turner notes.
China’s export growth slowed more than expected while import slumped in the first two months of the year as the first 10% of US tariffs kicked in from 4 February, UOB Group's Economist Ho Woei Chen reports.
Gold’s price (XAU/USD) holds on to gains and consolidates for the third day in a row this week. The rally in Bullion stalls after US President Donald Trump shielded off all goods from Mexico and Canada that fall under the USMCA trade agreement from its freshly baked tariffs that got implemented earlier this week. Meanwhile, US equity markets trade below where they were on President Trump’s inauguration day.
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