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April 3, 2025

USD/CAD Slips Towards February Lows Amid Trump Tariff Discussions

USD/CAD sees a downward trend, edging closer to February lows as traders continue to process the implications of President Trump’s tariffs. The US dollar appears weaker across the board today, being an early casualty of the latest trade discussions. While the loonie finds some relief since tariffs against Canada did not escalate, the dollarโ€™s slump raises concerns for traders looking to position themselves in the Forex market. Understanding market sentiments and trade dynamics will be crucial in navigating potential ups and downs for currency pairs.

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