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USD/CAD falls as tariff uncertainties and economic indicators impact currency performance.
The USD/CAD pair fell as investors await details on impending U.S. tariffs on Canada, Mexico, and China.
Canada's manufacturing activity shrank in February, but recent GDP data showed stronger-than-expected growth.
The uncertainty around tariffs and potential impacts on trade, coupled with declining U.S. consumer spending, could affect the Canadian dollar's performance.
Technical indicators suggest the pair faces resistance around 1.4474 and support at 1.4341, with a buy recommendation around 1.4400.
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USD/CAD cae a medida que las incertidumbres arancelarias y los indicadores económicos impactan en el desempeño de la moneda.