USD/GYD Price & Performance (USDGYD)

The Canadian dollar continues to feel the pressure of upcoming U.S. tariffs, as investor sentiment weakens. With the Bank of Canada’s recent interest rate cut and political uncertainties, the loonie is struggling to gain traction. Meanwhile, the U.S. dollar benefits from safe-haven demand, further widening the currency gap.123

The USD/CAD pair is testing the 200-hour moving average, a crucial resistance point. While buyers defended the 100-hour moving average earlier, upside momentum faces challenges. A break above 1.43619 could strengthen bullish trends, but failure may lead to a pullback toward key support levels, signaling market indecision.435

Canada’s economic outlook remains uncertain as inflationary pressures and trade tensions strain growth. The Bank of Canada warns that prolonged tariffs could exacerbate the situation. High inflation limits policy flexibility, while declining retail sales and cautious consumer spending add to the loonie’s vulnerability.657