Mon, Jul 14, 2025

USDCHF reached a major support area

USDCHF Slips as Traders Await Key Swiss Economic Data Release

When it comes to currency pairs like USD/CHF, there’s always more than meets the eye. Sure, technical charts and resistance levels might tell part of the story, but today we’re going to talk about the bigger picture—what’s really moving the US Dollar against the Swiss Franc lately. So, if you’ve been wondering why this pair has been a bit sluggish, or why CHF seems to be gaining strength, stick around. We’re going deep into the factors you should actually care about, and we’ll keep it simple.

The Swiss Franc’s Shine: Why Investors Are Turning To It

Safe-Haven Appeal Gets Stronger

When the world feels uncertain, traders and investors tend to look for safety. And when it comes to safety, the Swiss Franc is one of the first places they turn. Recently, there’s been a wave of global tension—especially around trade wars and tariff announcements—which makes investors nervous. That nervousness has pushed people into safer assets, and CHF is right up there alongside gold and the Japanese Yen.

The Swiss Franc is considered a “safe-haven” currency, which means people trust it when things get messy globally. And right now? Things are messy. Trade relations between major economies are heating up again, which means the demand for CHF is going up.

Swiss National Bank Holds Steady

Another big reason for the strength of the Franc is the policy stance of the Swiss National Bank (SNB). Unlike other central banks that have been cutting rates or hinting at easing policies, the SNB seems happy where it is for now. With inflation concerns slightly back on the radar, the SNB isn’t rushing to cut interest rates further.

Market expectations are now leaning toward no more rate cuts for quite a while, possibly holding at 0% through 2026. That’s a pretty big deal. When investors believe a country’s central bank won’t flood the economy with more money (which usually weakens the currency), that country’s currency tends to gain value. And that’s exactly what’s happening here.

What’s Weighing Down the US Dollar?

Trump’s Tariff Strategy Sparks Uncertainty

Let’s talk about tariffs—again. Over the weekend, President Trump made headlines by announcing new tariffs: a 30% hit on imports from the European Union and Mexico, set to kick in by August 1. That’s not all. He’s also floating the idea of adding a blanket 15-20% tariff on other trading partners, raising the stakes from the current 10%.

These kinds of policy moves can send shockwaves through global markets, and the Dollar usually feels the heat. When the U.S. gets more aggressive with trade barriers, it adds uncertainty—not just in foreign markets, but right at home too. That uncertainty makes investors hesitate, and when they hesitate, they move their money into currencies they perceive as more stable… like the Swiss Franc.

Dollar Faces Political and Economic Roadblocks

The U.S. economy isn’t just dealing with international problems. There are issues at home too. The Federal Reserve has been under pressure to cut interest rates, especially with slower growth forecasts and mixed inflation data. But things aren’t so straightforward.

2015 Swiss Franc Shock

Chicago Fed President Austan Goolsbee recently pointed out that Trump’s constant tariff threats make it tough for the Fed to plan ahead. If economic uncertainty grows because of trade conflicts, it could limit how flexible the Fed can be with its policies. All of this is adding more confusion about where the Dollar might head next, and that’s never a good sign for confidence in the currency.

Global Reactions Add More Complexity

Europe Holds Off… For Now

While the U.S. is pushing forward with its new tariffs, Europe is trying to play the long game. The EU just announced it would extend a pause on retaliatory tariffs against the U.S., hoping that negotiations could lead to a peaceful resolution.

But don’t think that means they’re staying quiet. Behind the scenes, EU leaders are already in talks with other nations—like Canada and Japan—to coordinate a response if things take a turn for the worse. That kind of alliance-building could put more pressure on the U.S. and stir up even more uncertainty.

All of this matters for USD/CHF because the more chaotic the global trade situation becomes, the more investors are likely to shift toward the Swiss Franc. It’s a domino effect—one policy move leads to market reactions, which then lead to currency shifts.

What’s Next for USD/CHF? Keep an Eye on These Factors

You don’t need a crystal ball to figure out where this pair might go next, but it does help to watch the right things:

  • Federal Reserve Moves: Any clear guidance (or lack thereof) from the Fed will impact how investors treat the Dollar. If there’s more hesitation or delay in policy actions, expect more weakness in USD.

  • Swiss Data and SNB Tone: Even though the SNB isn’t expected to change rates, upcoming economic data—like inflation or employment figures—can shift the mood quickly.

USDCHF is moving in a box pattern

USDCHF is moving in a box pattern

  • Trade Tensions: This one is big. The way trade negotiations unfold in the coming weeks between the U.S., EU, and other global players will be a huge driver for both USD and CHF.

Let’s Wrap It Up: Why This Pair Is Acting the Way It Is

So, here’s the bottom line. The USD/CHF pair is under pressure because two things are happening at once: the Swiss Franc is getting stronger thanks to safe-haven demand and a steady central bank, while the US Dollar is caught up in trade wars and mixed signals from the Fed. On top of that, the global stage is filled with political and economic drama, and every time something new breaks, investors reevaluate where they want their money.

If you’re watching this currency pair, don’t just stare at a chart all day. Pay attention to what’s happening in the world, especially around trade deals, central bank decisions, and political headlines. Those are the real forces moving the market.

And hey, even if you’re not trading this pair, it’s a fascinating example of how currencies behave when the world gets a little uncertain. So stay tuned, keep an ear to the ground, and you’ll always be a step ahead.

EURUSD Falls as Trump Escalates EU Trade Spat with Massive Tariff Push

If you’ve been keeping an eye on global currencies, you might’ve noticed the Euro has been going through a bit of a rough patch lately. And if you’re wondering why, you’re not alone.

So, let’s break it down together.

The Euro has been slipping lately, and a big reason behind this is fresh tension between the United States and the European Union. Recently, former U.S. President Donald Trump made headlines again by announcing a hefty 30% tariff on all EU products. This sudden move sparked nervousness among investors and added stress to already fragile global trade relationships.

EURUSD is moving in an Ascending channel, and the market has reached the higher low area of the channel

EURUSD is moving in an Ascending channel, and the market has reached the higher low area of the channel

Naturally, when investors start getting worried, they often pull back from riskier assets and move into safer options like the U.S. Dollar. That’s exactly what we’re seeing now — and it’s pulling the Euro down.

But here’s the interesting twist: even with the tariffs on the table, there’s still hope that the EU and the U.S. might reach a trade deal before the deadline in early August. That glimmer of hope is preventing the Euro from plunging even further, at least for now.

How Are Markets Reacting to All This?

Markets kicked off the week in a cautious, risk-off mood. That’s just a fancy way of saying that investors are playing it safe. They’re not in the mood to gamble right now — and who can blame them?

Whenever news like steep tariffs hits the headlines, the first reaction from traders is often to get defensive. That usually means buying into the U.S. Dollar, which is viewed as a ‘safe haven’ in uncertain times. So, while the Euro is dipping, the Dollar is quietly gaining strength.

Interestingly, the market’s reaction to these new tariffs hasn’t been as dramatic as one might expect. Why? Many traders believe this may just be part of Trump’s negotiation tactics rather than an iron-clad policy that’s already set in stone. It’s like a high-stakes game of poker — nobody wants to fold too soon.

Meanwhile, officials in the EU are keeping their tone calm and hopeful. They’re aiming for a trade agreement before the August 1 deadline and have even delayed hitting back with their own tariffs. That strategic pause is helping to soften the blow to the Euro, at least for the short term.

What Are Policymakers Saying?

European Central Bank’s Stance

Over on the European side, the mood isn’t particularly upbeat either. Fabio Panetta, a board member of the European Central Bank (ECB), has recently voiced concerns about inflation. According to him, risks of low inflation are increasing, and that might push the ECB to keep its monetary policy loose for a bit longer.

Now, looser monetary policy — think lower interest rates and economic stimulus — tends to weaken a currency. Why? Because lower rates make the currency less attractive to foreign investors seeking returns. That’s another reason the Euro isn’t feeling too strong right now.

European Central Bank

The U.S. Angle

Things aren’t exactly calm on the U.S. side either. Chicago Federal Reserve President Austan Goolsbee raised a few eyebrows when he commented that Trump’s new tariff threats could create confusion about inflation. And when inflation becomes unpredictable, it complicates things for the Federal Reserve as it tries to plan interest rate decisions.

To add more heat to the mix, Trump didn’t stop at tariffs. He’s also been vocal about his dissatisfaction with Fed Chairman Jerome Powell. Over the weekend, Trump said it would be a “great thing” if Powell resigned. On top of that, his economic adviser even hinted that the president might have the authority to remove Powell — stirring even more uncertainty.

All these political fireworks are clouding the outlook for U.S. monetary policy. But instead of weakening the Dollar, they’re doing the opposite, simply because global investors see the U.S. economy as more stable compared to the rest.

What Could Happen Next?

Let’s talk possibilities.

If the EU and the U.S. manage to hash out a trade deal before the deadline, the Euro might get some breathing room. That would ease some tension and could restore a bit of investor confidence. But if the talks fall apart or if more tariffs are announced, the pressure on the Euro is likely to increase.

Also, keep an eye on U.S. inflation data that’s expected soon. Any surprises there could shake things up further — especially if it gives more clues about what the Federal Reserve might do next.

EURUSD has broken the downtrend channel to the upside

EURUSD has broken the downtrend channel to the upside

It’s also worth noting that Monday’s economic calendar was pretty empty, with only a few speeches and meetings in the EU scheduled. But things could get more active quickly if there are developments in the trade talks or surprise moves by central banks.

Final Summary: What It Means for You

To sum it all up, the Euro is struggling mostly because of rising global trade tensions and investor nervousness. The 30% tariffs announced by Trump have cast a shadow over the EU’s economic prospects, and uncertainty over inflation and central bank policies is only making things worse.

But it’s not all doom and gloom. The fact that trade talks are still ongoing means there’s a chance for resolution. And until there’s a definite outcome, markets will likely remain jittery — meaning both the Euro and the Dollar could swing back and forth based on headlines.

For everyday people, especially those involved in international trade, travel, or investing, it’s a good time to stay informed and cautious. Currencies don’t move in a vacuum — they react to everything from policy changes to political drama.

So whether you’re planning a trip, investing overseas, or just curious about global trends, keeping an eye on these developments can help you make smarter decisions.

And remember, in the world of currencies, things can change fast. Stay tuned — because the next headline could shift everything.

GBPUSD Dips Early in Week Ahead of Key UK Reports and Tariff Shockwaves

It’s been a rough patch for the British Pound lately. If you’ve noticed it’s slipping against the US Dollar and other major currencies, you’re not alone. The decline isn’t random—it’s rooted in some real and pressing economic worries coming out of the UK.

To put it simply, the UK economy has hit a few bumps in the road. The latest data shows that the country’s GDP shrank for two months in a row, pointing to a slowing economy. This has left investors worried and cautious about what’s next for Britain.

GBPUSD is moving in an Ascending channel, and the market has reached a higher low area of the channel

GBPUSD is moving in an Ascending channel, and the market has reached a higher low area of the channel

But that’s just the start. There’s a mix of political decisions, global events, and upcoming economic data that’s adding fuel to the fire. So, if you’re wondering why the Pound is losing ground, here’s the full story, explained in plain terms.

UK’s Economic Woes Are Starting to Pile Up

Two Straight Months of GDP Decline: A Warning Sign

One of the biggest red flags for the UK economy came when official figures revealed that it had contracted in both April and May. While May’s drop was smaller than April’s, it’s still not good news. The downturn was largely driven by a dip in factory output—manufacturing just isn’t producing as much as before, and that’s a problem for economic growth.

Investors tend to get nervous when they see back-to-back GDP declines. It raises concerns about whether the UK is heading toward a recession, or at the very least, a long period of stagnation.

Government Spending Decisions Stir Concerns

Adding to those worries is the rising cost of government spending. The new Chancellor of the Exchequer, Rachel Reeves, recently pushed forward an increase in welfare support. While the move is aimed at helping people, especially during tough times, it comes with a steep price tag—an additional £4.8 billion by the year 2029–2030.

For markets and investors, this raises a big question: how will the UK government pay for all this? Will it increase taxes? Will it borrow more? Either way, uncertainty about fiscal management tends to hurt confidence in the currency.

Why Investors Are Holding Back on the Pound

All Eyes on Upcoming UK Economic Data

This week could be crucial. There are two big economic reports coming out from the UK that could shake things up further.

First up is the inflation report—specifically, the Consumer Price Index (CPI) data for June. If inflation has cooled down, it might encourage the Bank of England (BoE) to consider cutting interest rates. On the flip side, if inflation is still running hot, the BoE might feel pressured to keep rates high.

Following that, labor market data for the three-month period ending in May is also on the agenda. According to a recent survey, more people are now available for work. That might sound like good news, but for markets, it often signals a weakening labor market. If too many people are looking for jobs, it can indicate that businesses are slowing down hiring or laying off staff.

This type of labor market shift usually strengthens the case for interest rate cuts—something that typically weakens a currency. So, if both reports point to a cooling economy, the Pound could face even more selling pressure.

Impact of UK Economic Data Releases on GBPUSD

Rate Cut Expectations Are Rising

Right now, a growing number of traders believe the Bank of England will lower interest rates in its August meeting. If that happens, the rate could drop from 4.25% to 4%. Lower interest rates often make a currency less attractive to investors because it means lower returns on UK assets. And when the BoE cuts rates, it can lead to further drops in the Pound’s value.

Global Tensions Aren’t Helping Either

Tariff Drama: The US, EU, and Mexico Clash Again

As if domestic issues weren’t enough, international developments are making things worse. Over the weekend, US President Donald Trump stirred the pot by announcing 30% tariffs on imports from the European Union and Mexico. These countries failed to reach a trade deal with the US during a 90-day grace period, and now tensions are boiling over again.

Trump didn’t just stop at imposing tariffs—he also warned he’d retaliate if either side responds with countermeasures. This has created an environment of uncertainty and tension in global trade markets.

Whenever trade wars heat up, risk appetite among investors tends to drop. And when that happens, investors usually pull money out of riskier assets—like the British Pound—and flock to safer options, such as the US Dollar.

The US Dollar Gains Strength

Thanks to the rising demand for safety, the US Dollar has been holding strong. That naturally weighs on other currencies like the Pound. When the Dollar goes up, the Pound usually goes down in comparison.

This week’s US inflation data could make the Dollar even stronger. If consumer prices in the US rise faster than expected, it could lead the Federal Reserve to keep interest rates high for longer. That would boost the Dollar even more—and put the Pound under additional pressure.

What You Should Keep an Eye On

If you’re keeping track of the British Pound or have any kind of exposure to UK markets, here are a few things to watch this week:

  • UK CPI Data: If inflation cools more than expected, markets might price in faster interest rate cuts.

  • Labor Market Report: A weakening job market can also pressure the BoE to act.

GBPUSD is moving in an uptrend channel

GBPUSD is moving in an uptrend channel

  • BoE’s Next Move: Investors are betting on a rate cut in August—watch how markets react to any official comments.

  • US Inflation Report: A hotter-than-expected print could strengthen the Dollar further.

  • Ongoing Trade Disputes: Any new developments from the US, EU, or Mexico could jolt investor sentiment.

Final Summary

To sum it up, the British Pound is dealing with a perfect storm of challenges right now. A slowing economy at home, rising fiscal pressures, expectations of interest rate cuts, and global trade tensions have all come together to drag the currency lower.

Investors are nervous, and rightly so. With critical economic data just around the corner and major global events unfolding, the Pound could remain under pressure in the short term. If you’re watching this space, buckle up—it’s going to be an eventful week.

USDJPY Struggles to Move as Market Cools on BoJ Policy Shift

If you’ve been keeping an eye on the Japanese Yen lately, you might have noticed it hasn’t been moving much — just kind of hanging out near its recent lows. While that might sound boring, there’s actually a lot going on behind the scenes. And if you’re someone who watches currencies or is curious about how global events shape our wallets, you’ll want to pay attention.

USDJPY is moving in an uptrend channel

USDJPY is moving in an uptrend channel

At the core of it, the Yen is caught in the middle of some global tension, uncertain local politics, and changing expectations around what central banks will do next. It’s like the perfect storm — except instead of thunder and lightning, we’re talking about interest rates, tariffs, and elections.

Global Trade Drama Is Shaking Things Up

Let’s talk about the big picture first. One of the biggest influences on the Yen right now is the messy state of global trade. When countries start threatening each other with tariffs and trade restrictions, investors usually get nervous — and nervous investors tend to run toward safer assets. The Japanese Yen is considered one of those “safe-haven” currencies, meaning when things get tense, people buy Yen.

Recently, the U.S. President dropped a fresh bombshell by announcing new tariffs on Mexico and the European Union. This move spooked investors all over again, just when they were hoping things might calm down. But here’s the twist: even though these trade tensions usually help the Yen, other forces are pushing back and keeping it from gaining strength.

Why The Bank of Japan Isn’t Helping the Yen Either

The Bank of Japan (BoJ), which controls the country’s interest rates, isn’t exactly lending a helping hand to the Yen either. Investors used to think the BoJ might raise interest rates soon — but now, that idea is fading fast.

Why? Well, Japan’s economy isn’t looking as strong as it needs to be for a rate hike. Real wages are falling, meaning people are earning less when adjusted for inflation. Inflation itself seems to be cooling off too, and when inflation is low, central banks usually avoid raising rates. Throw in some shaky political news at home, and the Bank of Japan is likely to keep things steady — maybe for the rest of the year.

That decision makes the Yen less attractive to investors looking for returns. If you can’t earn much interest on your money by holding Yen, you’re probably going to look elsewhere.

Uncertainty at Home: Politics Cloud the Picture

The political situation in Japan isn’t helping either. The country’s ruling coalition — made up of the Liberal Democratic Party (LDP) and its partner, Komeito — is facing a bit of an uphill battle. There’s an important upper house election coming up, and polls are suggesting they might not keep their majority.

When politics get uncertain, markets tend to take a step back. People don’t like placing big bets when they don’t know who’s going to be in charge next or what economic policies might change. That kind of uncertainty creates yet another barrier for the Yen to gain ground.

Japanese Yen Faces Challenge

The U.S. Dollar Isn’t Giving In

While the Japanese Yen is sitting still, the U.S. Dollar is doing the opposite — it’s been climbing higher. A big part of that strength comes from changing expectations about what the U.S. Federal Reserve (Fed) is going to do.

A few weeks ago, many thought the Fed might start cutting interest rates to help cool off inflation. But now? That’s looking less likely. The U.S. economy is showing signs of holding up better than expected — especially in the labor market. That means the Fed might keep rates higher for longer, which boosts the Dollar even more.

And when the Dollar rises, it usually puts pressure on the Yen. Since the Yen and Dollar move in opposite directions in many global trades, the stronger one gets, the weaker the other tends to look by comparison.

Upcoming Economic Reports Could Shift the Balance

All eyes are now on some key reports coming out of the U.S. this week. We’re talking about inflation numbers — both the Consumer Price Index (CPI) and the Producer Price Index (PPI). These reports will give everyone a clearer idea of whether inflation is still a problem or finally cooling off.

If the numbers come in hotter than expected, it could push the Fed to delay any talk of cutting rates. That would mean the Dollar could stay strong for a while, which in turn keeps the pressure on the Yen.

On the flip side, if inflation is cooling, the Fed might soften its tone. That would ease some support for the Dollar and possibly open a small window for the Yen to bounce back — but only if everything else cooperates.

Why This Matters (Even If You Don’t Trade Forex)

You might be thinking, “That’s all interesting, but I don’t trade currencies, so why should I care?” Fair question. But here’s the thing — the value of the Yen affects a lot more than just traders.

  • Travel: If you’re planning a trip to Japan, a weaker Yen means your money goes further. That’s great news for tourists.

  • Imports and Exports: Japanese products might become cheaper abroad, but imported goods will cost more in Japan. This can affect prices on tech gadgets, cars, and even food items.

  • Investments: If you invest in global markets or hold Japanese stocks or ETFs, currency movements can impact your returns.

USDJPY has broken the Symmetrical Triangle to the upside

USDJPY has broken the Symmetrical Triangle to the upside

  • Economic Mood: When the Yen is weak, it often reflects deeper economic uncertainties. And those uncertainties can spread beyond Japan’s borders, affecting trade deals, business decisions, and investor confidence worldwide.

A Final Word: What to Watch For Next

The Japanese Yen is stuck in a tug-of-war between global fears and local doubts. Trade wars make it attractive. Domestic uncertainty and cautious central bank policies make it less so. Meanwhile, the U.S. Dollar keeps flexing its muscles thanks to a resilient economy and shifting Fed expectations.

If you’re following currency trends or just want to stay informed about what’s moving the markets, keep an eye on a few things:

  • Any new trade announcements or tariff threats

  • Political developments in Japan, especially around the July 20 election

  • Inflation data from the U.S. and how the Fed reacts

  • Comments from central bank leaders, especially the BoJ and Fed

In the end, the Yen’s story isn’t just about numbers — it’s about how the world connects, reacts, and prepares for what’s next. Stay tuned, because this ride isn’t over yet.

USDCAD Fails to Climb as Volatility Keeps Traders Cautious

You might’ve noticed that the US Dollar has been hanging out near its recent highs lately. It’s had a decent run, but every time it tries to climb higher against the Canadian Dollar (CAD), it just can’t seem to make a real breakthrough. So, what’s keeping things in check? And what could change the game in the days ahead?

Let’s break it down in plain and simple terms, and understand why the Canadian Dollar has been putting up such a solid fight — and why all eyes are on the upcoming economic data releases.

Canada’s Surprising Strength: Jobs and Oil Are Big Factors

Employment Numbers Gave a Boost

One of the biggest reasons the Canadian Dollar has been standing firm is that Canada’s job market just gave us some good news. Instead of rising like many expected, the unemployment rate actually dropped. That’s not something you see every day, especially when economists are bracing for the worst.

USDCAD is moving in a descending Triangle pattern

USDCAD is moving in a descending Triangle pattern

More importantly, there was a strong increase in new jobs. That’s a solid sign that the economy is chugging along better than some had predicted. And when the labor market looks healthy, it tells investors that the economy is likely to remain stable in the short term. This kind of momentum makes the Canadian Dollar more attractive.

Oil Prices: Canada’s Secret Weapon

Let’s not forget that Canada is a major oil exporter. And recently, oil prices have been creeping higher. This wasn’t just a tiny jump either—prices gained solid ground after a dip in late June. That’s good news for the Canadian economy and, in turn, the Canadian Dollar.

There’s also talk that the OPEC+ group (basically a club of oil-producing countries) might pause its planned supply hikes starting in October. That could mean tighter supply and potentially even higher oil prices. Since Canada exports a lot of oil, any positive shift in oil prices often gives the CAD a lift too.

The Trump Tariff Threat: What’s the Deal Here?

You’ve probably heard about former President Trump proposing some new tariffs. It’s a big deal because he’s suggested a 35% tariff on Canada, and even higher ones on other trading partners like Mexico and the EU.

Let’s be real — if those tariffs actually come into play, it could spell trouble for the Canadian economy. Why? Because tariffs make it more expensive to trade goods across borders. That could hurt Canadian industries that rely on exports to the US, which is Canada’s biggest trading partner.

And we’re not just talking about a single product here. This would be on top of existing tariffs on Canadian steel and aluminum that were already making headlines. Unless Canada can strike a better deal soon, this uncertainty could start weighing more heavily on the CAD.

So far, markets are taking a wait-and-see approach. But make no mistake — this is something that could rock the boat in a big way if it becomes reality.

Oil Prices Drop

Why Tuesday’s CPI Reports Could Shake Things Up

What is CPI and Why Should You Care?

If you’re not familiar with CPI (Consumer Price Index), it’s basically a report that tells us how much prices are rising for everyday things like food, gas, rent, and more. It’s a big deal because central banks — like the Federal Reserve in the US and the Bank of Canada — look closely at inflation data like CPI when deciding what to do with interest rates.

When inflation is rising fast, central banks might raise interest rates to cool things down. If inflation is low, they might lower rates to help stimulate the economy.

Now here’s the thing — CPI numbers for both the US and Canada are coming out on Tuesday, and the market is watching like a hawk.

Why This Matters for USD/CAD

Depending on what those numbers say, we could see some serious movement in the USD/CAD pair. If US inflation is hotter than expected, the Dollar could get a fresh boost. On the flip side, if Canadian inflation surprises to the upside, it could give the Loonie (that’s the nickname for the Canadian Dollar) a strong advantage.

Either way, it’s going to be a major event. Investors are holding their breath, waiting to see which central bank might blink first when it comes to changing interest rates. And that could send the USD/CAD moving quickly in either direction.

What’s Next? Watching and Waiting

For now, we’re in a bit of a holding pattern. There’s not a lot on the economic calendar today, so traders are sitting tight ahead of Tuesday’s big data drop. It’s like the calm before the storm.

But make no mistake — we’re at a tipping point. The Canadian Dollar has found some solid footing thanks to strong jobs data and rising oil prices. Meanwhile, the US Dollar is still supported by global risk-off sentiment, meaning investors are still a little nervous about broader global events and are leaning toward safer currencies like the USD.

USDCAD is moving in a box pattern, and the market has fallen from the resistance area of the pattern

USDCAD is moving in a box pattern, and the market has fallen from the resistance area of the pattern

Add in the uncertainty around Trump’s trade proposals, and you’ve got a cocktail of mixed signals that could explode once fresh CPI numbers hit the market.

Final Summary

So here’s where we stand: the Canadian Dollar is holding up well, supported by stronger-than-expected jobs data and a rebound in oil prices. At the same time, the US Dollar is hovering near recent highs but struggling to gain serious momentum.

The wildcard? Consumer inflation reports due out on Tuesday. These numbers could provide the spark that either boosts the USD further or gives the CAD the edge. And don’t forget about the looming threat of tariffs — that’s another factor that could cause sudden shifts.

Right now, all eyes are on what’s coming next. Traders and investors are ready for action, and Tuesday could be the day we see some real movement in the USD/CAD story.


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