Early Monday forex pricing shows the Canadian dollar weakening against the USD amid escalating trade tensions.
The USD/CAD pair opened at 1.3821 in thin Monday trading, reflecting pressure on the Canadian dollar due to ongoing trade war concerns. Liquidity remains low as Asian markets gradually come online, increasing volatility risks for early traders.
Prior to the open, the pair had shown resilience amid broader USD strength, with Friday’s close setting the stage for further CAD weakness. Comparable periods saw similar reactions during trade disputes, though thin liquidity may amplify moves.
Other major pairs include EUR/USD at 1.1676, USD/JPY at 159.02, and GBP/USD at 1.3627, with AUD and NZD also trading near recent highs.