USDCAD Technicals: Why isn't the Canadian dollar weakening vs the USD given the trade war?
The trade war between the United States and Canada continues to escalate, but that has not translated into a higher USDCAD as most traders might expect. .Trade negotiations between the two countries broke down on August 21, leading the United States to impose 50% tariffs on about 5% of Canadian imports. Canada responded this week with tariffs of 15%, 25% or 50% on approximately $20 billion of U.S.
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USD
CAD
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