Neoxa USD Price & Performance (NEOXUSD)

The USD/CAD pair has experienced volatility as the Bank of Canada implemented its seventh rate cut in nine months, reducing rates to 2.75%. Despite this, rising oil prices supported the Canadian dollar. Ongoing US-Canada trade discussions and tariff uncertainties continue to drive fluctuations in the currency pair.1

The EUR/USD pair declined for a fourth consecutive day, dipping below 1.0800. Mixed PMI results from Europe and the US, coupled with uncertainty around potential tariff exemptions, have weighed on sentiment. While manufacturing in both regions struggles, the US services sector showed signs of resilience.2

Political negotiations in Germany over a debt-brake reform and infrastructure spending package are creating uncertainty for the EUR/USD pair. Meanwhile, market participants anticipate France's credit rating review, which could impact the euro further. Tariff tensions with the US also remain a key concern.3