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USD/CAD slide to below 1.43 comes as Trump official confirms WSJ report
A US official has just now been speaking across the wires and confirmed that Trump will stop short of imposing day one trade tariffs. This news has sent US equity futures higher again and it has also dented the dollar even more. The reason for the is is so much around the fact the dollar had been rising, or more rather its counterpart currencies had been under pressure for weeks, due to the prospect of tariffs coming into force as soon as Trump took office. So, there is immediate tangible relief out there; that is seemingly not going to happen. A prime example of that is the USD/CAD. Earlier today the USD/CAD reached a high at 1.4486. Its was already sliding towards 1.43 before this confirmation news broke. The USD/CAD has now fallen below the 1.43 handle as a result, currently trading at 1.4281
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