The CNBC report that a 20% blanket tariff was "less likely" than a tiered system of 3 diffent rates, adn a country by country rate and that chips, pharma and other tariffs would be announced later, seems to have helped. Canada and Mexico tariffs are expected to be lifted.
USDCAD: The price moved from about 1.4403 down to a low of 1.4309. That saw the price move below the 100 and 200-hour MA at 1.4321 to 1.4325. Staying below that would be more bearish. More selling would target the 100 day moving average at 1.4273.. That is also within a swing area between 1.42684 and 1.42789.
US stocks are moving higher and trade at session highs:
Dow industrial average is up 30 points or 0.08% at 42033.99S&P index is up 17 points or 0.31% at 5629.07NASDAQ index is up 111 points or 0.65% at 17413.63The NASDAQ index is looking to snap a four day losing streak.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usd makes a run to the the downside was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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