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USD/CAD Soars Ahead of Job Reports Amid Turmoil

1/11/2025

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Summary

Story summary

The USD/CAD pair is trading above 1.4400, driven by upcoming employment reports from both countries.
The US is projected to add 160K jobs in December, while Canada expects 25K new jobs.
The US Dollar's strength is supported by inflation concerns and potential tariff policies from President-elect Trump.
The Canadian Dollar is under pressure due to political instability and a recent interest rate cut by the Bank of Canada.

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Story summary

The USD/CAD pair is trading above 1.4400, driven by upcoming employment reports from both countries.
The US is projected to add 160K jobs in December, while Canada expects 25K new jobs.
The US Dollar's strength is supported by inflation concerns and potential tariff policies from President-elect Trump.
The Canadian Dollar is under pressure due to political instability and a recent interest rate cut by the Bank of Canada.