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US President Donald Trump signs an order raising tariff rate on Canada from 25% to 35%
World FX news
Breaking news
US President Donald Trump signs an order raising tariff rate on Canada from 25% to 35%
New
2025.08.01 08:08
2025.08.01 08:08
2025.08.01 08:08
The White House announced late Thursday that US President Donald Trump has signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to take effect on August 1, 2025.
Market reaction
At the time of writing, the USD/CAD pair is trading 0.01% lower on the day to trade at 1.3855.
Last updated
: 2025.08.01
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Gold soars as dismal US NFP data and Russia tensions spark safe-haven demand
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2025.08.02 01:32Fed's Bostic admits Fed is in a "difficult environment" as jobs data flashes warning signs
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Friday that the latest round of US Nonfarm Payrolls (NFP) jobs data, including revisions, is certainly cause for rate conversation at the Fed, but inflation metrics are still an ingoing concern, especially as the Trump administr
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2025.08.02 00:40EUR/GBP soars to 0.8710 as US jobs disappoint, BoE rate cut in focus
The EUR/GBP rallied sharply on Friday as the Bank of England's (BoE's) next week's monetary policy decision looms, and a worse-than-expected Nonfarm Payrolls report in the United States (US), sparked talks about a possible "stagflation" scenario in the US.
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2025.08.02 00:27NZD/USD bounces from two-month low as soft NFP data triggers US Dollar sell-off
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2025.08.02 00:06Fed's Hammack: Job market is still healthy and in balance but should be watched
In an interview with Bloomberg TV on Friday, Federal Reserve Bank of Cleveland President Beth Hammack noted that the July jobs data was disappointing, per Reuters.
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2025.08.01 23:37Swiss Franc strengthens as USD stumbles on NFP shock
The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Friday as the Greenback comes under heavy pressure following the release of the July Nonfarm Payrolls (NFP) report.
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2025.08.01 23:17Disclaimer:
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