US Dollar trending lower, USD/CAD dragged down by weak data

From Investing.com: 2025-06-05 01:24:00

The US Dollar is consolidating below 100.00 for the second week, trading at 98.80. President Trump’s actions aim to prevent USD selling. Mixed US data has not boosted demand for the Greenback, with some sectors entering contraction. Equity indices are positive, propelling industrial metals, oil, and risk-on currencies. Bank of Canada held rates at 2.75% and is waiting for more insights on US tariff impact. The US Dollar is down against all majors, while the Canadian Dollar is unchanged against European majors. USD/CAD is in a downward trend, potentially stabilizing below 1.37. Focus on upcoming employment reports and FED speakers for the rest of the week.



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