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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Market Analysis: The strengthening of the Canadian dollar alleviates concerns of the Central Bank of Canada.
Jin10 data reported on April 11, the Canadian dollar is approaching a six-month high against the US dollar, which may alleviate concerns of the Bank of Canada in the short term. According to Tullett Prebon, the US dollar fell to 1.3859 Canadian dollars, or the level seen in early November last year. Doug Porter, chief economist at the Bank of Montreal Capital Markets, stated that the Bank of Canada had previously been worried about the inflation impact from US-Canada trade conflicts, partly due to the weakening of the Canadian dollar. Porter told clients that the weakness of the Canadian dollar "is not a big issue right now" and added that the Canadian dollar has returned to the level before Trump first announced plans to impose a 25% tariff on Canada and Mexico.