CAD is pressured by the perceived risk of a US-Canada trade war – ING

Employment data for December is also released in Canada today, where expectations are for a slowdown in hiring to 25k and another tick-up in unemployment to 6.9%, ING’s FX analyst Francesco Pesole notes.

Tew Canadian prime minister can have an impact on CAD

“The impact on CAD would likely be short-lived as the currency is almost entirely trading on the back of the perceived risk of a US-Canada trade war, and how that can be impacted by the new prime minister.”

“At this stage, consensus seems to be building around two candidates: former Finance Minister Chrystia Freeland and former Bank of Canada/Bank of England Governor Mark Carney.”

Jan 10, 2025

USD/CAD extends winning streak ahead of US-Canada labor market data

The USD/CAD pair extends its winning spree for the fourth trading session on Friday ahead of the official employment of the United States (US) and Canada for December.

AUD/USD: Next support at 0.6150 is not expected to come under threat – UOB Group

AUD could retest the 0.6175 level; the next support at 0.6150 is not expected to come under threat. In the longer run, AUD must break and remain below 0.6180 before further weakness can be expected, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.