USD/CAD touches the lows of the day as Carney arrives at the White House

  • More of function of a positive risk mood than anything
Trump Carney

USD/CAD has been in a 150-pip range since April 15 but it's near the low end of that range at the moment.

USDCAD daily c
USDCAD daily

I expect the loonie to move on the tone and comments from today's Trump-Carney meeting but at the end of the day, it's just one meeting in what will be a long relationship between two newly-elected leaders.

It's not clear when they will address reporters but that's the usual protocol.

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