Canadian Dollar: Tariff headlines but range intact against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar (CAD) is slightly softer, tracking broader USD gains and weaker Oil, while USD/CAD trades almost exactly at their fair value estimate near 1.3862.
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is slightly weaker, following a global trend of USD gains and reduced oil prices. Despite the US announcing retaliatory tariffs on select Canadian goods, the impact on the CAD is anticipated to be minimal. Currently, USD/CAD remains near the fair value estimate of 1.3862, while technical indicators show support levels at 1.3825/30 and 1.3775/85.
The CAD's technical position is seen as neutral, with the USD holding a slight edge above the 200-day moving average, though the broader downtrend remains intact.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
