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February 9, 2025

Canadian Dollar Forecast: USD/CAD Holds Strong Amid Trump Tariff Delay

The USD/CAD market remains resilient, holding onto the January low of 1.4486. Even with President Trump’s delay of tariffs for Canada, the Canadian dollar remains susceptible to fluctuations. Traders are cautiously optimistic as they assess the long-term impacts of tariff policies on the exchange rate. Economic relations between the US and Canada continue to play a significant role in the USD/CAD dynamics. Observers anticipate that any changes in trade policies could further influence the currency pair in the coming weeks. The market is in a holding pattern as participants await clearer direction.

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