USD/CAD Steadies as Trade Talks Resume; AUD Inflation and NVIDIA Earnings in Focus

BitcoinWorld USD/CAD Steadies as Trade Talks Resume; AUD Inflation and NVIDIA Earnings in Focus The USD/CAD pair is holding steady as trade negotiations between the US and Canada resume, while traders shift their attention to upcoming Australian inflation data and NVIDIA’s earnings report due later this week.

Trade Talks Provide Near-Term Support for the Loonie Negotiators from the US and Canada have returned to the table to discuss trade terms, offering a temporary sense of relief for the Canadian dollar.

The resumption of talks reduces the immediate threat of new tariffs, which had previously weighed on the loonie. As of this writing, USD/CAD is trading near 1.3650, reflecting a market that is cautiously optimistic but not yet convinced of a lasting breakthrough.

AUD Inflation Data Could Shape RBA Policy Expectations Australia’s monthly consumer price index is scheduled for release, and economists anticipate a slight uptick to 3.4% year-over-year.