1459 GMT - The euro looks set to remain within a relatively tight range against the Canadian dollar as both currencies could come under pressure from President Trump's trade policies, Societe Generale analyst Olivier Korber says in a note. "With global and FX markets focusing strongly on U.S. protectionism, the Canadian dollar and the euro are among the most impacted currencies," he says. Trump has targeted trade with Canada from the outset and plans to impose tariffs on eurozone steel and aluminum imports. That should weigh on both currencies in coming months. SocGen recommends buying a six-month double-no-touch option in EUR/CAD that bets on a range between 1.4450 and 1.5250. EUR/CAD is last at 1.4793, up 0.3% on the day. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 09:59 ET (14:59 GMT)
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