The USD/CAD pair trades with mild losses around 1.4055 during the early Asian session on Wednesday.
USD/CAD softens to near 1.4055 in Wednesday’s early Asian session. Trump's tariff threat exerts some selling pressure on the Canadian Dollar.
minutes showed officials backed the gradual pace of rate cuts. The Canadian Dollar recovers some lost ground after reaching a 55-month low due to US President-electDonald Trump vowing tariffs on Mexico and Canada and extra tariffs on China. Donald Trump said he would impose a25% tariff on imports from Canada and Mexico on January 20 and impose an extra 10% tariff on goods from China.
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