Dollar Climbs as Trump Targets Canada, But Aussie Outshines

Dollar advanced broadly after US President Donald Trump escalated trade war again with a fresh 35% tariff on Canadian imports. The announcement cited Canadian retaliation and the fentanyl crisis as justification, while threatening even steeper duties if Ottawa imposes further countermeasures. Trump’s sweeping tone extended beyond Canada. While 22 countries have received formal letters setting … Read more

Loonie Rebounds on Strong Jobs Data, Sterling Hit by GDP Miss

Canadian Dollar staged an impressive rebound after June’s employment report far outpaced expectations, reviving hopes that BoC can stay on hold despite mounting trade pressures. The release comes just after US President Donald Trump announced sweeping 35% tariffs on Canadian imports, which initially drove the Loonie lower. With interest rates sitting at 2.75%—a level seen … Read more

Markets Cautious But Not Panicked, Hope for US-EU Deal Remains

The reaction to US President Donald Trump’s latest tariff salvo has been relatively muted so far. Germany’s DAX and France’s CAC opened mildly lower, but losses remain limited. In currency markets, Euro is holding steady, trading largely inside Friday’s ranges without triggering major downside momentum. The market appears to be bracing for drawn-out negotiations rather … Read more