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USD/CAD set to fall this April due to tariff pressures

Can US Tariff News End Up Tipping The USD/CAD Lower This April?

April has historically been a weak month for USD/CAD, with an average decline of -1.31% and gains in only 31.58% of cases. This seasonal trend could align with upcoming US tariff announcements, which may create volatility in the pair. If tariffs avoid major disruption to Canada and oil prices rise, CAD could strengthen further. However, strong US economic data or harsher-than-expected tariffs could challenge this pattern.

USDCAD Eyes Seasonal Weakness!

The moves in the USDCAD are impacted by a complex interplay of commodity prices (Canada is a major oil exporter), monetary policy divergences between the Bank of Canada and the Federal Reserve, incoming economic data points centering around growth and inflation dynamics, as well as broader global trends for the USD.