Thursday , 14 November 2024
Home Forex USD/CAD rises above 1.3900 amid lower Oil prices, potential Trump’s tariffs
Forex

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.

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