Monthly Archives: November 2024
41654156156Canada Dollar Weakens Amid Tariff Concerns and Falling Oil Prices
Written on November 27, 2024 at 5:56 am, by pumarketings
Fundamental Analysis * Canada Dollar Weakness Amid Economic Concerns: The Canadian Dollar is under pressure due to growing pessimism surrounding Canada’s economic outlook. U.S. President Donald Trump’s recent announcement of potential significant tariffs on Canadian goods has raised concerns about a slowdown in Canada’s economic growth. In addition, the persistent drop in oil prices, aContinue Reading
All Eye on Today’s PCE
Written on November 27, 2024 at 5:41 am, by pumarketings
Market Summary Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar, pressuring other assets. Meanwhile, Wall Street extended gains, with the Dow Jones hitting a fresh all-time high. In forex, the New Zealand dollar unexpectedly rallied to its weekly high despite theContinue Reading
Trump’s Tariff Policies Push Dollar Higher
Written on November 26, 2024 at 5:38 am, by pumarketings
Market Summary The dollar surged to a recent high, recovering from yesterday’s retreat, driven by President-elect Donald Trump’s threats of 25% tariffs on Canada, China, and Mexico. These protectionist measures boosted dollar momentum but weighed heavily on the Canadian dollar. While Wall Street posted gains, concerns over tariffs on China could negatively impact Chinese equityContinue Reading
