Loonie falls slightly as markets absorb Trump's remarks

Canadian dollar fell slightly today after the market absorbed President Trump's positive statements about the trade talks with China.

Meanwhile, a former US Fed official has urged the bank not to respond to Trump's trade war and don't cut interest rates to help him with his measures against China.

Trump said yesterday that his administration have received signals about China's desire to return to the trade talks and reach an agreement.

Which came after Trump's announcement to increase tariffs on Chinese imports worth $250 billion to 30% from 25%, while another 15% tariffs will be imposed on imports worth $300 billion, as of September 1st.

While the markets are still worried about the situation which may worsen and head to dead end, which will open other fronts in the trade war.

By 16:10 GMT, CAD/USD fell by 0.1% to 0.7531, with a high of 0.7566 and a low of 0.7523.