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- Markets Await Trudeau-Trump Meeting Focused on Trade and Security.
- US ISM Services Surprises to the Upside; Canadian Ivey PMI Due Tuesday
- USD/CAD Remains Technically Fragile as Bearish Pressure Builds Below the 20-day SMA
USD/CAD is exhibiting a holding pattern as investors carefully assess the potential geopolitical ramifications of Tuesday’s scheduled meeting between Canadian Prime Minister Justin Trudeau and US President Donald Trump. The meeting coincides with a series of high-impact economic releases anticipated to significantly influence monetary policy outlooks for both nations.
As of the latest market update, the USD/CAD pair is trading in the vicinity of 1.3819, maintaining a precarious position just above key support levels. Market participants are exhibiting a cautious stance, largely attributed to the impending political discussions and the release of crucial macroeconomic data. This hesitancy reflects the market’s sensitivity to potential shifts in trade relations and economic policy.
Canada–US Talks: A Pivotal Moment for Bilateral Relations
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