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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Aihua Foreign Exchange Official Website]: The US dollar/Canada dollar remains stable near the 2025 low." Hope it will be helpful to you! The original content is as follows:
Aihua Foreign Exchange APP News--On Wednesday (June 11) European session, the US dollar/Canada dollar was 1.3684/85, a slight increase of 0.11%. The US dollar/Canada dollar is currently greatly affected by fundamentals (US inflation data, progress in the US-Canada trade agreement), and the technical short-term short trend has not changed yet. Pay attention to key support and data-driven fluctuations. On the 4-hour chart, we can see a downward channel that is still of reference significance. On June 5, the US dollar/Canada hit a new 2025 low, and bears may try to further expand this decline this month. Why is the US dollar/Canada continuing to fall? The Canadian dollar appears to be strengthening, with speculation that the U.S. and Canada may soon finalize a trade deal, possibly during the June 15th time when Canada hosts the G7 summit. Media reports highlighted several signs that support this view: Canadian Prime Minister Mark Carney said Canada will meet NATO's goal of 2% of GDP. Canada has not imposed retaliatory tariffs on steel and aluminum. The U.S. ambassador to Canada confirmed that the "secret" negotiations are still in progress.
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