USD/CAD: Two Currencies Walk Into a Trading Bar...
Key Points
- USD struggles against CAD as oil prices surge, while the Fed...
If currencies could talk, the USD and CAD would be having quite the awkward conversation at 1.3800 right now. One's bragging about oil prices while the other's trying to hide its Federal Reserve report card behind its back.
Oil Money Talks, USD Whispers
The loonie is strutting its stuff thanks to surging oil prices, while the US dollar sulks in the corner after the Fed's recent "we're-hawkish-but-not-doing-anything" meeting. President Trump's tariff shenanigans on films and pharmaceuticals aren't exactly helping the greenback's confidence either. It's like watching someone try to play chess...
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