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Mar 11 - 09:55 PM

USD/CAD - Settles After Wild Swings But Wary Of Trade Tensions

By Krishna Kumar  —  Mar 11 - 07:39 PM

• USD/CAD steady in early Asia after closing unchanged on Tuesday

• Buffeted by tariff news as Trump doubles metals tariffs, then backs off

• Ontario Premier Ford vows to impose electricity levy, then suspends it

• Ford meets U.S. Commerce Secretary Howard Lutnick on Thursday

• Canada could restrict its oil exports to US if trade war escalates-CERAWEEK

• Bank of Canada rate decision Wed, 25 bps cut to 2.75% almost fully priced

• At least 2 further cuts expected by end 2025 as economic recovery threatened

• Tue range 1.4380-1.4520, Asia range 1.4421-1.4441; trade 1.4350-1.4550 range
Candian oil exports to the United States:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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