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FOREX

Greenback Bounces To Three-Week Highs

EURGBP TECHS

Downtrend Remains Intact

COMMODITIES

Gold, Silver Under Pressure

GBPUSD TECHS

Holding Below Key Short-Term Resistance

DOLLAR-CANADA
DOLLAR-CANADA: USDCAD has breached 1.2900 after the Washington Post ran a story
suggesting that US President Trump is planning to offer Canada & Mexico a
temporary exemption from new tariffs on steel and aluminum imports. The WP noted
that the proposal, which is expected to be unveiled Thursday, would give Canada
and Mexico a 30-day exemption from the tariffs, the officials said. The
exemptions could be extended based on progress in renegotiating the North
American Free Trade Agreement.
- This followed earlier reports suggesting that a tariff carve out was possible
for Canada & Mexico.
- Hourly support for USDCAD sits at 1.2890, followed by $1.2854/62 which
represent the 38.2% Fibo of the 1.2615-1.3002 move and the Mar 6 low
respectively.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com