Reports that a meeting between President Donald Trump and President Xi Jinping to sign an agreement to end their trade war won’t occur this month and is more likely to happen in April at the earliest, has left markets a little gun shy and now are in a wait and see mode. Concerns that Trump could still walk away from the actual talks overhangs markets leaving uncertainty for traders.
The USDCAD is unchanged, and will likely stay that way till tomorrow’s Canadian Manufacturing Sales, however, although interesting, it’s not deemed to be a market mover.
Currently Close Range
USDCAD 1.3325 1.3302 1,3287-1.3347
EURCAD 1.5061 1.5067 1.5051-1.5090
GBPCAD 1.7680 1.7741 1.7603-1.7746
US: Jobless Claims wk3/9 223K 229K
New Home Sales January 621K 607K