FOREX TradingCharts.com

Forex News: Canadian Dollar Weakens On Recession Concerns

Canadian Dollar Weakens On Recession Concerns

03/10/2025 - 15:28:00 (RTTNews)

(RTTNews) - The Canadian dollar declined against its most major counterparts in the New York session on Monday, as rising economic uncertainty and tariff concerns dampened sentiment.

Traders are mulling over comments from U.S. President Donald Trump that the U.S. economy faced "a period of transition."

In a Fox News interview that aired Sunday, Trump declined to rule out a recession this year, saying "There is a period of transition" that will eventually pay off for the economy.

However, Trump's commerce secretary, Howard Lutnick, was more definitive and said "absolutely not" when asked whether Americans should brace for a downturn.

The loonie fell to more than a 7-month low of 101.68 against the yen, more than 4-year low of 1.5666 against the euro and a 6-day low of 1.4469 against the greenback. The currency may challenge support around 97.00 against the yen, 1.58 against the euro and 1.465 against the greenback.

In contrast, the loonie recovered to 0.9066 against the aussie, from an early 3-month low of 0.9125. If the currency continues its uptrend, 0.89 is possibly seen as its next resistance level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Canadian Dollar Rises As BoC Set To Pause Interest Rate Easing Cycle (01 min(s), 11 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story»

Canadian Dollar Rises As BoC Set To Pause Interest Rate Easing Cycle (04 min(s), 11 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story»

Canadian Dollar Rises Against Most Majors (49 min(s), 11 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story»

U.S. Dollar Falls As U.S. Recession Fears, Fed Rate Cut Bets (02 hr(s), 28 min(s), 10 sec(s) ago)
(RTTNews) - The U.S. dollar weakened against other major currencies in the early European session ...Full Story»

U.S. Dollar Falls Against Majors (04 hr(s), 43 min(s), 11 sec(s) ago)
(RTTNews) - The U.S. dollar weakened against other major currencies in the early European session ...Full Story»

Canadian Dollar Falls As Inflation Eases (43 min(s), 49 sec(s) ago)
(RTTNews) - The Canadian dollar declined against its major counterparts in the New York session on ...Full Story»

Pound Rises On Upbeat U.K. Employment Data (01 hr(s), 43 min(s), 11 sec(s) ago)
(RTTNews) - The British pound strengthened against other major currencies in the European session ...Full Story»

Pound Rises Against Majors (02 hr(s), 40 min(s), 11 sec(s) ago)
(RTTNews) - The British pound strengthened against other major currencies in the European session ...Full Story»

Search

FOREX NEWS

Canadian Dollar Rises As BoC Set To Pause Interest Rate Easing Cycle

04/16/2025 - 08:07 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story>>

Canadian Dollar Rises As BoC Set To Pause Interest Rate Easing Cycle

04/16/2025 - 08:04 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story>>

Canadian Dollar Rises Against Most Majors

04/16/2025 - 07:18 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against most major currencies in the European session ...Full Story>>

U.S. Dollar Falls As U.S. Recession Fears, Fed Rate Cut Bets

04/16/2025 - 05:40 AM (RTTNews)
(RTTNews) - The U.S. dollar weakened against other major currencies in the early European session ...Full Story>>

U.S. Dollar Falls Against Majors

04/16/2025 - 03:25 AM (RTTNews)
(RTTNews) - The U.S. dollar weakened against other major currencies in the early European session ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.