ING Warns USMCA Review Risks Weigh on Canadian Dollar
ING strategist Chris Turner points to downside risks for the Canadian dollar (Loonie) stemming from the scheduled review of the United States-Mexico-Canada Agreement (USMCA), with potential delays as parties renegotiate.
USDCAD
ING's Chris Turner highlights that the upcoming USMCA review is creating uncertainty for the Canadian dollar. He notes that the scheduled review could lead to delays as the three countries renegotiate terms.
This uncertainty is putting downward pressure on the Loonie. The review is a key risk factor for Canada and Mexico, as trade tensions may resurface. No additional details on timing or potential outcomes were provided.
Source: FXStreet Forex News