The post USD/CAD jumps to near 1.4430 as investors turn cautious ahead of Trump’s inauguration appeared on BitcoinEthereumNews.com.

USD/CAD rises sharply to near 1.4430, with investors remaining cautious as Trump is set to return White House on Monday. The outlook of the Canadian economy has weakened on the assumption that Trump will raise tariffs by 25%. The soft core CPI data for December forced traders to raise Fed dovish bets. The USD/CAD pair climbs to near 1.4430 in Friday’s North American session. The Loonie pair strengthens as the Canadian Dollar (CAD) performs weakly, with investors turning cautious as United States (US) President-elect Donald Trump is scheduled to take oath on Monday. Canadian Dollar PRICE Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the New Zealand Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.06% 0.40% 0.25% 0.22% 0.43% 0.43% 0.16% EUR -0.06%   0.33% 0.19% 0.15% 0.36% 0.37% 0.09% GBP -0.40% -0.33%   -0.15% -0.18% 0.03% 0.03% -0.24% JPY -0.25% -0.19% 0.15%   -0.03% 0.17% 0.18% -0.10% CAD -0.22% -0.15% 0.18% 0.03%   0.20% 0.22% -0.06% AUD -0.43% -0.36% -0.03% -0.17% -0.20%   0.00% -0.27% NZD -0.43% -0.37% -0.03% -0.18% -0.22% -0.01%   -0.28% CHF -0.16% -0.09% 0.24% 0.10% 0.06% 0.27% 0.28%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote). Investors expect that the foremost job of Trump would be the release of a new tariff plan, a scenario that could lead to a global trade war. The Canadian economy is…

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Filed under: News - @ January 17, 2025 1:29 pm