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2025-07-29 11:01:36
[USD/CAD hovers around 1.3750 due to uncertainty in the US-Canada tariff agreement] 1. USD/CAD temporarily stopped its three-day rally and hovered around 1.3740 during the Asian session on Tuesday. The currency pair could rise further due to increased uncertainty over tariffs between the United States and Canada. 2. Canadian Prime Minister Mark Carney told reporters on Monday that it was unlikely that a deal without tariffs would be reiterated. Carney said the two countries were in a tense stage of negotiations on a trade deal. "This is a complex negotiation," he added. "We will only sign the right deal." The United States and Canada are working to reach an agreement by August 1 as U.S. President Donald Trump threatens to impose a 35% tariff on some Canadian imports. 3. The U.S. dollar (USD) strengthened after the United States and the European Union (EU) reached a trade agreement last week, imposing a 15% tariff on most European goods, which will take effect on August 1. 4. In addition, traders continue to pay attention to further developments in U.S.-China trade negotiations. On Tuesday, negotiations will continue after the two countries' top economic officials negotiated for more than five hours in Stockholm on Monday.
