Canadian Prime Minister Carney is speaking on the tough trade talks with the US :
- Trade talks with US are at an intense phase.
- Any trade deal with US must be on fair terms for Canada.
- Reiterates that a US trade deal without any tariffs is not likely.
- There’s a question as to how much those tariffs would be.
- Asked about Trump’s comment about difficulty of negotiations a deal with Canada, yes we are difficult but we are fighting for Canada.
The USDCAD has eased off recent highs and is now testing a key swing area that traders will watch closely for support. Last week, the pair bounced off a trendline low, kicking off a strong upward move. On Friday, momentum accelerated as the price broke through both the 100- and 200-hour moving averages. Today’s pullback has found initial support near the 38.2% retracement of the July trading range, adding to the area’s significance as a potential base for buyers.
This article was written by Greg Michalowski at investinglive.com.
