Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
10 April 2025 | Other

Canadian dollar notches strongest gain in three months on US trade policy shift

AUDCAD
GBPCAD
EURCAD
USDCAD
Canadian dollar notches strongest gain in three months on US trade policy shift

The Canadian dollar recorded its strongest gain against the greenback in nearly three months on Wednesday after an unexpected United States trade policy shift improved global economic prospects, Reuters reports.

The loonie gained 1.2% per American dollar, marking its strongest single-day advance since January 20.

According to the agency, US President Donald Trump has temporarily reduced new tariffs for multiple trading partners. However, he has raised duties on imports from China.

ForexLive analysts believe that excessively high tariffs could have triggered a worldwide recession. But global growth prospects now appear brighter. The Canadian dollar is expected to strengthen as a result.

Meanwhile, the governments of Canada and Japan have agreed to cooperate to maintain stability in the global financial system.

Anton Volkov MarketCheese

Recommended

European Union. Reserve Assets Total. The value of the indicator has decreased from 2045.81B to 1908.13B
Today at 12:30 PM
United States. PPI (MoM). The value of the indicator remained at the same level of 0.5%
Yesterday at 12:30 PM
Germany. German CPI (MoM). The value of the indicator remained at the same level of 1.1%
10 April
United States. Atlanta Fed GDPNow. The value of the indicator remained at the same level of 1.3%
9 April
United States. Real Consumer Spending. The value of the indicator has decreased from 2% to 1.9%
9 April
Top news
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. GDP (QoQ). The value of the indicator has decreased from 0.7% to 0.5%
9 April
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0% to -0.2%
8 April
United States. Nonfarm Payrolls. The value of the indicator has increased from -133K to 178K
3 April
All news

Forecasts

USDCAD sell
Period: 15.06.2026 Expectation: 1150 pips
USDCAD sell-off targets 1.36500
FA Other Indicators and reports Chart analysis Hot news
Today at 11:07 AM 18
Sinclair_John
NVIDIA Corporation buy
Period: 15.05.2026 Expectation: 1500 pips
Investing in NVIDIA stock with $211 target
FA Other Indicators and reports Indicators Hot news
Today at 10:15 AM 27
Reed_Marcus
Natural gas buy
Period: 22.04.2026 Expectation: 240 pips
Natural gas hovers near critical levels as recovery looms
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 10:04 AM 26
Lyra_Moonwell1
EURUSD sell
Period: 22.04.2026 Expectation: 940 pips
Bullish momentum in EURUSD weakens near six-week high
Technical analysis TA Other Indicators and reports Hot news Fundamental analysis
Today at 07:12 AM 19
Emily_Foster
BTCUSD buy
Period: 28.04.2026 Expectation: 7500 pips
Investing in Bitcoin up to $82,000
FA Other Indicators and reports Chart analysis Hot news
Yesterday at 11:40 AM 42
Reed_Marcus
AUDUSD sell
Period: 28.04.2026 Expectation: 1800 pips
Selling AUDUSD with 0.69000 in view
FA Other Indicators and reports Indicators Hot news
Yesterday at 10:32 AM 38
Sinclair_John
Go to forecasts