The first market-moving headline of the day is out with the WSJ reporting that Trump will lay out a trade vision but won’t impose new tariffs yet.
The US dollar is down 50-100 pips across the board on the headlines.
USD/CAD is down a full cent:
USDCAD 10 mins
We’re going to be dealing with tariff headline for four years. I wouldn’t expect these headlines to be denied right away but this is going to be the landscape.
Separately, a Fox reporter says Trump will sign 11 border- related executive orders including one that will deploy US troops to the border. This was already rumored/reported yesterday.