The post CAD slips as President Trump terminates trade talks – Scotiabank appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) is a little softer following President Trump declaring that all trade talks with Canada had been ‘terminated’, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. BoC policy makers may lean into market pricing for a 25bps cut “The move came in response to a US TV ad by the Ontario government that was critical of tariffs. CAD losses have been contained within the range of USD/CAD over the past few sessions, however, and look unexceptional at this point relative to its peers on the day. Markets perhaps view developments as a bump in the road in trade talks rather than anything more serious at this point.” “Yesterday’s Retail Sales data for August were in line with expectations of a solid 1% rebound but the preliminary data for September reflected another dip in consumer spending and sustained the outlook for sluggish growth. A tweak, at least, to trade tensions and weak growth momentum would be reason enough for BoC policy makers to lean into market pricing for a 25bps cut at the BoC policy decision next week.” “Solid intraday gains for the USD reinforce support for funds in the upper 1.39s but, with recent ranges holding and the USD still essentially drifting lower from the mid-month high, the case for a renewed push higher in USD/CAD has not yet been made on the charts. Seasonal patterns between now and year-end tend to be CAD-negative, however, which may grease the path of a higher USD to some extent. USD/CAD resistance is 1.4035 and 1.4080 ahead of 1.4150/60.” Source: https://www.fxstreet.com/news/cad-slips-as-president-trump-terminates-trade-talks-scotiabank-202510241416The post CAD slips as President Trump terminates trade talks – Scotiabank appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) is a little softer following President Trump declaring that all trade talks with Canada had been ‘terminated’, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. BoC policy makers may lean into market pricing for a 25bps cut “The move came in response to a US TV ad by the Ontario government that was critical of tariffs. CAD losses have been contained within the range of USD/CAD over the past few sessions, however, and look unexceptional at this point relative to its peers on the day. Markets perhaps view developments as a bump in the road in trade talks rather than anything more serious at this point.” “Yesterday’s Retail Sales data for August were in line with expectations of a solid 1% rebound but the preliminary data for September reflected another dip in consumer spending and sustained the outlook for sluggish growth. A tweak, at least, to trade tensions and weak growth momentum would be reason enough for BoC policy makers to lean into market pricing for a 25bps cut at the BoC policy decision next week.” “Solid intraday gains for the USD reinforce support for funds in the upper 1.39s but, with recent ranges holding and the USD still essentially drifting lower from the mid-month high, the case for a renewed push higher in USD/CAD has not yet been made on the charts. Seasonal patterns between now and year-end tend to be CAD-negative, however, which may grease the path of a higher USD to some extent. USD/CAD resistance is 1.4035 and 1.4080 ahead of 1.4150/60.” Source: https://www.fxstreet.com/news/cad-slips-as-president-trump-terminates-trade-talks-scotiabank-202510241416

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

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