- USD/CAD weakens when investors are waiting for the upcoming non -agriculture payroll to obtain information on how tariffs can affect employment.
- The market sentiment improved after US President Donald Trump signaled possible trade transactions with several countries.
- Canadian S&P Global Manufacturing PM fell to 46.3 in April to 46.3, noting the third straight decline.
The USD/CAD slides during Friday's Asian session, traded near 1.3830, after the previous session has benefited. The couple are under pressure because the US dollar (USD) screams after a three -day rally, with investors looking at the upcoming non -agricultural payroll (NFP) report on tips on how tariffs can affect employment trends.
But USD found some support for alleviating the tensions of trade. The market sentiment improved after US President Donald Trump hinted at potential trade agreements with India, Japanese and South Korea and expressed optimism with China to resolve disputes. Bloomberg announced that China is considering renewed trade negotiations, with Beijing confirming the US information, but emphasizing Washington's need to address what it considers to be the root cause of the measure.
On the front of the data, the US ism slid PMI to 49.0 in April to 48.7, which is still shrinking, but better than expected 48.0. In the meantime, the initial week ended on April 26, which ended on April 26, increased to 241,000, exceeding 224,000 forecasts and 223,000 compared to last week.
In Canada, S&P global production fell to 46.3 in April to 46.3 in April, noting the third consecutive monthly decline and the weakest reading from May 2020, as production and new orders were sharply concluded.
The Minutes of the Canadian Bank (BOC) April 16 meeting stipulated that policy makers discussed the possible rate of cutting, but eventually remained to a certain extent of 2.75%, referring to a sticky nuclear inflation (2.8%-2.9%) and surprisingly resistant to the labor market. The protocols emphasized the cautious attitude by reducing expectations in the near future.
The Price of Canada Dollar Today
The table below shows the percentage of the Canadian dollar (CAD) on the main currencies listed today. The Canadian dollar was the strongest against Switzerland Frank.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | -0.05% | -0.13% | 0.03% | -0.17% | -0.42% | -0.42% | 0.09% | |
| EUR | 0.05% | -0.07% | 0.12% | -0.11% | -0.35% | -0.34% | 0.15% | |
| Gbp | 0.13% | 0.07% | 0.15% | -0.03% | -0.27% | -0.27% | 0.23% | |
| Jpy | -0.03% | -0.12% | -0.15% | -0.20% | -0.45% | -0.45% | 0.07% | |
| Kadi | 0.17% | 0.11% | 0.03% | 0.20% | -0.26% | -0.23% | 0.26% | |
| Audio | 0.42% | 0.35% | 0.27% | 0.45% | 0.26% | 0.01% | 0.51% | |
| Nzd | 0.42% | 0.34% | 0.27% | 0.45% | 0.23% | -0.01% | 0.49% | |
| Chf | -0.09% | -0.15% | -0.23% | -0.07% | -0.26% | -0.51% | -0.49% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you choose a Canadian dollar from the left column and move the horizontal line to the US dollar, the percentage change in the box marks the CAD (base)/USD (quote).
