Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum after last week’s massive correction.
Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/CNH is falling toward support at its June multi-year low as broad Dollar weakness combines with China’s stronger-than-expected trade surplus, driven by AI-related exports and semiconductor imports.
Scotiabank’s Analyst Team describes USD/CAD as little changed near the top of its year-to-date range, with conditions favouring at least a minor Canadian Dollar rebound as risk sentiment improves.