The Canadian dollar against the USD dropped to a two and a half week low as the USA is about to announce reciprocal tariffs. US President Trump is expected to announce the tariff plan on Wednesday at 3 PM Eastern Time (3 AM Beijing Time on Wednesday). An Analyst from Monex Europe stated that the market's reaction to tariff concerns has resulted in speculative shorting of the Canadian dollar against the USD. However, the Canadian dollar has not yet fallen to the lowest point earlier this year when tariff risks were most severe. The Analyst believes that given the potential for tariff increases to exceed market expectations, there is further downside risk for the Canadian dollar in the coming days. The USD against the Canadian dollar has recently risen to a high point of 1.4405 Canadian dollars.
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加元因美国关税言论下跌
The Canadian dollar fell due to statements regarding tariffs from the USA.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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