USD/CAD flows: No TACO

There is no TACO for Canada and Switzerland as both got hit by 35% and 39% of tariffs respectively. Taiwan, Cambodia, Thailand, Malaysia, Vietnam, Indonesia all got around 20%. Australia got 10%, New Zealand 15%, so as Israel, Turkey and Venezuela. Transshipping tariff for Canada is 40%.

So far USD/CAD has been cool as it is unchanged from Thursday's close at 1.3856 after an opening dip of ten pips.