Loonie retreats amid US-China trade uncertainty

Economies.com
2019-02-19 15:49PM UTC

Canadian dollar declined against most rivals amid market caution towards US-China trade talks. 

 

President Trump said he'd be happy to cancel tariffs if a deal is reached with China, adding his administration is nearer that goal than ever. 

 

Chinese President Xi Jinping also said the talks will carry on in Washington this week, hoping for an agreement soon before the truce deadline in early March. 

 

CAD/USD shed 0.2% to 0.7541, with a session-high at 0.7561, and a low at 0.7525. 

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