The Canadian dollar accumulated yesterday after the USA was announced that products in line with USMCA will be released from the tariffs by April 3, notes the FX analyst Chris Turner from ING.

The inheritance risk for USD/CAD is confined

“Almost the entire US-Canada-Maxician trade is within the USMCA, despite the fact that not all exporters agree with the principles of the contract. Markets have never valued 25% of the tariffs as a long -term agent, and USD/CAD has already corrected from ups. “

“Today we will watch Canadian numbers of jobs in February before the Bank of Canada meeting next week. The consensus concerns a change in employment by 20 km and we think that we will have to see a very strong number to raise doubts next week. “

“We think that the risk of minus for USD/CAD is limited, taking into account the perspective of Canada, still hit by mutual tariffs in April. Return to 1.44 in the coming weeks is completely possible, but today’s American payroll can continue to increase pressure. “