USD/CAD Moves Cautiously Above 1.4400 as Tariffs Are Delayed
USD/CAD trades cautiously around 1.4430 during the European session on Tuesday. The Loonie has dropped nearly 2.6% from its high of 1.4800. This shift follows President Trump’s decision to postpone the 25% tariffs on Canada and Mexico. Market reactions indicate a strengthening Canadian Dollar as traders reassess their positions. Understanding these dynamics can provide insights into future currency performance, making it essential for investors to remain informed about geopolitical changes impacting exchange rates.