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

United States. Current Account. The value of the indicator has increased from -239.1B to -190.7B
Today at 12:31 PM
United Kingdom. CPI (YoY). The value of the indicator remained at the same level of 3%
Today at 7:01 AM
Australia. CPI (YoY). The value of the indicator has decreased from 3.8% to 3.7%
Today at 12:33 AM
United States. Manufacturing PMI. The value of the indicator has increased from 51.6 to 52.4
Yesterday at 1:45 PM
United Kingdom. Composite PMI. The value of the indicator has decreased from 53.7 to 51
Yesterday at 9:31 AM
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 50.8 to 51.4
Yesterday at 9:00 AM
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
20 March
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
19 March
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
19 March
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
19 March
All news

Forecasts

EURUSD sell
Period: 31.05.2026 Expectation: 4000 pips
EURUSD selloff targets 1.12000
Indicators and reports FA Other Hot news Chart analysis
Today at 10:16 AM 15
Reed_Marcus
Natural gas sell
Period: 01.04.2026 Expectation: 130 pips
Warm weather sends natural gas tumbling toward November lows
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 09:41 AM 20
Emily_Foster
NVIDIA Corporation buy
Period: 30.04.2026 Expectation: 2000 pips
Buying NVIDIA stock from support level
Indicators and reports Hot news Chart analysis
Today at 08:44 AM 24
Sinclair_John
USDCAD buy
Period: 01.04.2026 Expectation: 830 pips
USDCAD attempts to breach upper limit of ascending channel amid geopolitical fog
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 06:54 AM 17
Lyra_Moonwell1
Tesla Inc sell
Period: 30.04.2026 Expectation: 300 pips
Selling Tesla stock down to $350
Indicators and reports Hot news Chart analysis Indicators
Yesterday at 11:50 AM 31
Sinclair_John
Brent sell
Period: 31.03.2026 Expectation: 1300 pips
Selling Brent crude with $93.00 in view as bearish pressure builds
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 11:11 AM 38
Lyra_Moonwell1
Go to forecasts