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April 1, 2025

USD/CAD Holds Ground Near Two-Week High as Traders Anticipate Tariff Updates

The USD/CAD pair reaches a two-and-a-half-week high on Tuesday, showing resilience in its ability to maintain gains despite struggling to break above the 1.4400 mark. Trading conditions remain cautious as market participants look ahead to U.S. President Donald Trump’s impending announcement regarding reciprocal tariffs. Traders are weighing these developments carefully before committing to any new positions. The currency pair reflects ongoing market dynamics and trader sentiment, indicating that the USD remains favored against the CAD for the time being.

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