USD/CAD RISES TO NEAR 1.3900 DUE TO EASING US-CHINA TENSIONS AND LOWER OIL PRICES

Tina Collins

28 Apr 2025 — 1 min read

USD/CAD RISES TO NEAR 1.3900 DUE TO EASING US-CHINA TENSIONS AND LOWER OIL PRICES

The USD/CAD currency pair has strengthened to approximately 1.3880 during the Asian trading session on Monday, marking its second consecutive day of gains.

This upward movement is primarily attributed to renewed demand for the US Dollar (USD), supported by signs of easing tensions between the United States and China.

The USD/CAD pair has appreciated to around 1.3880 during the Asian trading session on Monday, continuing its upward trajectory for the second consecutive day.

Signs of easing trade tensions between the United States and China have bolstered investor confidence in the US Dollar.

China's decision to exempt certain US imports from its 125% tariffs has sparked hopes for improved trade relations.

The Canadian Dollar (CAD), being commodity-linked, remains under pressure due to declining crude oil prices.

The price of West Texas Intermediate (WTI) crude oil has fallen over 4%, currently trading around $68.40, attributed to easing geopolitical tensions in the Middle East.

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USD/CHF SOFTENS TO NEAR 0.6400 AMID TARIFF UNCERTAINTY

SILVER PRICE FORECAST: XAG/USD SLIDES BELOW $33.00; 200-PERIOD EMA ON H4 HOLDS THE KEY FOR BULLS

GBP/USD BREAKS BELOW 1.3400 DUE TO STRONGER US DOLLAR AND BOE RATE CUT EXPECTATIONS

AUD/JPY RISES ABOVE 91.00 FOLLOWING KEY ECONOMIC DATA FROM AUSTRALIA AND JAPAN