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Image Credit: Baystreet

USD / CAD - Canadian dollar sinking

  • The Canadian dollar weakened after President Trump threatened to impose a 35% tariff on all Canadian imports.
  • Global markets reacted to the trade uncertainty, with European bourses falling and S&P 500 futures showing a decline.
  • EURUSD and GBPUSD pairs were affected by tariff concerns and underwhelming UK data, respectively.
  • USDJPY and AUDUSD pairs saw movements tied to trade developments and central bank decisions.

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