The Canadian Dollar (CAD) is little changed against the generally stronger USD on the session and out-performing its G10 peers as a consequence, Scotiabank's Chief FX Strategist Shaun Osborne notes.
US Dollar (USD) is likely to trade in a range between 7.1660 and 7.1860. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fortunately, the very public fallout between President Trump and Elon Musk has not had broader market implications. Despite the travails for Tesla, the broader S&P 500 was only off 0.5% yesterday and futures now call the S&P modestly higher today.