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USD/CAD Declines as Weakening US Dollar and Economic Concerns Boost Loonie

Elena by Elena
12/04/2025
in News
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The USD/CAD pair extended its decline to around 1.3920 during the early Asian session on Friday, pressured by persistent concerns over both the US and global economic outlook. The US Dollar (USD) struggled against the Canadian Dollar (CAD) as investors braced for key economic data later in the day, including the US March Producer Price Index (PPI) and advanced Michigan Consumer Sentiment.

US President Donald Trump’s decision to maintain a 10% blanket tariff on all imports and his announcement of a 90-day pause on new tariffs boosted investor sentiment toward Canada. During this period, the White House aims to negotiate higher tariffs, leading investors to reallocate capital back into the Canadian market, which supported the Loonie.

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Further dampening the USD’s strength, US consumer prices unexpectedly fell in March. According to the US Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) inflation dropped to 2.4% year-over-year in March, down from 2.8% in February, and came in below the market consensus of 2.6%. Core CPI, which excludes volatile food and energy prices, increased by 2.8%, a decline from the previous 3.1%, and also missed the forecast of 3.0%. On a monthly basis, the headline CPI fell by 0.1%, while core CPI rose by 0.1%.

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Following these inflation data releases, traders have raised expectations that the US Federal Reserve (Fed) will resume cutting interest rates in June, with the possibility of a full percentage point reduction by the end of the year.

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However, a decline in crude oil prices could limit the Loonie’s gains, as Canada’s economy is heavily linked to oil exports. Lower oil prices tend to weigh on the CAD, as Canada is the largest oil exporter to the US, making the Loonie vulnerable to fluctuations in global commodity prices.

Related Topics:

  • Current CAD Exchange Rate: How Much is 500 CAD to Euro?
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  • Current CAD Exchange Rate: How Much is 550 CAD to USD?
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Elena

Elena

Elena, a seasoned foreign exchange trader with a proven track record in the dynamic world of currency markets, brings a wealth of expertise and professionalism to the financial realm. With an extensive background spanning over a decade, she has honed her skills in analyzing global economic trends and implementing strategic trading solutions. Known for her meticulous attention to detail and analytical prowess, Elena has navigated through volatile market conditions with finesse, consistently delivering impressive results for her clients. Her comprehensive understanding of macroeconomic indicators, coupled with a keen awareness of geopolitical events, allows her to make informed decisions that optimize trading portfolios. Elena's commitment to staying ahead of the curve is evident in her continuous pursuit of knowledge and mastery of cutting-edge trading technologies. Her disciplined approach to risk management ensures prudent investment strategies, instilling confidence in both colleagues and clients alike.

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