XE Market Analysis: Loonie Under Pressure

OVERVIEW Markets are quiet today with a lack of fresh stimulus. Investors await details, due today, on Trump’s major tax reforms. Australian inflation rose 0.5% in the first quarter, driving the annual pace of CPI to 2.1%. HIGHLIGHT The Canadian Dollar hit a 14-month low versus its American counterpart after the US announced tariffs on imports of Canadian softwood lumber products. In addition, retail sales fell more than expected.

Source: XE news feed
XE Market Analysis: Loonie Under Pressure