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

Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from 85.6K to 60.2K
Today at 7:30 PM
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has increased from -64.3K to -61.4K
Today at 7:30 PM
Canada. CFTC CAD speculative net positions. The value of the indicator has decreased from -31.2K to -68.9K
Today at 7:30 PM
European Union. CFTC EUR speculative positions. The value of the indicator has decreased from 33.5K to 29.4K
Today at 7:30 PM
Canada. GDP (YoY). The value of the indicator has decreased from 0.7% to -0.05%
Today at 1:02 PM
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 3.5% to 3.8%
Yesterday at 12:31 PM
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3.2% to 3.3%
Yesterday at 12:30 PM
United States. GDP (QoQ). The value of the indicator has decreased from 2% to 1.6%
Yesterday at 12:30 PM
European Union. Manufacturing PMI. The value of the indicator has decreased from 52.2 to 51.4
21 May
European Union. CPI (MoM). The value of the indicator remained at the same level of 1%
20 May
All news

Forecasts

AUDCAD buy
Period: 29.06.2026 Expectation: 730 pips
Invest in AUDCAD with 0.99500 target
Indicators and reports FA Other Hot news Chart analysis
Today at 11:28 AM 24
Reed_Marcus
GBPUSD buy
Period: 05.06.2026 Expectation: 1525 pips
GBPUSD may find its footing as selling storm subsides
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 11:07 AM 21
Lyra_Moonwell1
Brent sell
Period: 05.06.2026 Expectation: 700 pips
Brent crude loses ground amid looming US-Iran peace deal
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Today at 11:05 AM 16
Emily_Foster
USDCAD buy
Period: 29.06.2026 Expectation: 1650 pips
Buying USDCAD with 1.39500 in view
Indicators and reports FA Other Hot news Chart analysis
Today at 10:45 AM 14
Sinclair_John
Gold sell
Period: 28.06.2026 Expectation: 400 pips
Selling gold upon breaking below support
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 12:11 PM 96
Sinclair_John
USDJPY buy
Period: 31.08.2026 Expectation: 5000 pips
Invest in USDJPY from 155.00
TA Other FA Other
Yesterday at 11:49 AM 34
McCarthy_Raymond
Go to forecasts