During European trading hours on Friday, the US Dollar (USD) experienced a significant drop, plunging to fresh lows against the CAD after news of further tariffs from China hit the wires. The White House confirmed an aggressive tariff hike on China goods, now set at 145%, significantly higher than previous estimates. This development raises questions about the dollar’s stability amidst ongoing international trade challenges. Forex traders need to watch this closely as the USDCAD pair moves into uncharted territory, potentially creating new trading opportunities driven by these economic shifts and geopolitical risks. Monitoring this evolving situation will be critical for informed trading decisions in the forex market.