The Canadian greenback has come beneath stress this afternoon after a tweet from Donald Trump relating to farmers north of the border. The US president tweeted:
“Canada has made enterprise for our dairy farmers in Wisconsin and different border states very tough. We is not going to stand for this. Watch!”
One other contributing issue to this weak point in CAD is the oil price which remains under pressure and looks set for yet another day of declines.
USDCAD (+zero.60%) has briefly popped above the 1.36 deal with in current commerce and in doing so has moved above a double prime that fashioned on the again finish of final yr. A clear break by way of right here might open up the opportunity of a protracted transfer greater with little in the way in which so far as swing resistance is anxious.