USD/CAD rises above 1.3900 amid lower Oil prices, potential Trump’s tariffs
USD/CAD seems to extend its gains as US Dollar (USD) appreciates as traders anticipate a less dovish stance from the Federal Reserve (Fed), as Donald Trump is likely to pursue his campaign promises to enact substantial tariffs, including a 10% increase on imports and a reduction in corporate taxes. The USD/CAD pair trades around 1.3920 during the Asian session on Monday.
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