Analyst: The appreciation of the Canadian dollar is logical, but further gains may be limited.

On May 29, Jin10 reported that analysts from Monex Europe pointed out in a report that the Canadian dollar’s strength is logical after the U.S. federal court blocked the Trump administration’s comprehensive tariff policy, but further appreciation may be limited. The report stated: “Given the close trade relationship between Canada and the United States, the outlook for reduced cross-border trade disruptions, and the improvement in U.S. growth expectations, all provide support for the Canadian dollar Exchange Rate.” However, analysts noted that the Federal Reserve meeting minutes to be released on Wednesday may lead the market to further lower interest rate cut expectations, which would suppress the rise of the Canadian dollar against the U.S. dollar.