USD CAD

Trump's tariff escalation has sparked fresh volatility across major currency pairs, pushing the US dollar to new heights. EUR/USD, USD/CAD, and USD/CNH are now at key technical levels, with traders bracing for potential breakouts or bounces. Here's what you need to know.

It was a busy week and it looks like it’ll be a busy weekend, as well, with 25% tariffs set to go in-effect from the United States on Canada. This could lead to a volatile open on Sunday in the pair.

The Trump administration has officially confirmed that new tariffs will take effect on Saturday, February 1, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods - see how it's impacting markets.

Well, Trump's tariffs are not going away. In fact, they're on Canada's doorstep. And that was enough to send USD/CAD to a 5-year high late in the day on Thursday, which only adds to the excitement of month end flows and messy price action.

If my short bias for USD/CAD and long for USD/JPY come into play, it assumes CAD/JPY could outperform USD/JPY during a bout of yen weakness.

USD/CAD seems to be unfazed by the Bank of Canada (BoC) rate cut as it consolidates ahead of the Federal Reserve interest rate decision.

USD/CAD gives back the advance from earlier this week even as US President Donald Trump warns of the ‘tremendous deficit with Canada.’

CAD-weakness has helped to bring a price increase for Tesla products in Canada, and this serves as example of how a weak currency can sow the seeds of inflation.

USD/CAD may threaten the positive slope in the 50-Day SMA (1.4175) if it fails to defend the monthly low (1.4280).

The USD/CAD rally extended into uptrend resistance with the January opening-range set just below. Battle lines drawn on the USD/CAD short-term technical charts.

USD/CAD hasn’t yet set a fresh high in 2025 even as U.S. Dollar strength has continued. The pair matched its largest down-day in a year after news of Justin Trudeau’s resignation.

I doubt we’ll be seeing too much weakness in December’s NFP figures later today, and that could prompt another bid for the USD. But with Trump likely to revive his disdain for a strong dollar, perhaps a pullback is not too far away.

USD/CAD attempts to retraces the decline from the start of the week as it stages a three-day rally.

Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years.

The U.S. Dollar just finished its strongest quarter in nine years, and stock prices remain elevated, as well. This sets the stage for a volatile 2025 as explained in this webinar.

USD/CAD is bouncing off its lows after Canadian PM Trudeau resigned, triggering a leadership race and likely early federal election.

USD/CAD finished the year above 1.4000 for the first time since 2002. Threats of tariffs from President-elect Trump have had a big impact in USD/CAD, but this can also bring risk to the U.S. side of the equation.