Although the delay in Trump’s tariffs on Canada led to some buying of the Canadian dollar, concerns about tariffs kept prices from rising too much.
Talks about ending the Ukraine war and a ceasefire in Israel caused oil prices to fall, leading to more selling of the Canadian dollar.
The Bank of Canada (BOC) may cut interest rates again in March due to slow economic growth, making it difficult for the Canadian dollar to rise for now.
CAD/JPY Expected Price Range: 108.30 – 107.00
Note: The information above does not guarantee profits. Please make your own decisions when trading.