Canadian Foreign Min. Joly: Canada wants to be closer to Europe, UK. USDCAD works lower.

• Canada wants to be closer to Europe, UK.
• Question careless sovereignty was activated with US Secretary of State Rubio.
• Will coordinate tariff approach with Mexicans too
• Regarding Ukraine and Middle East, goal is to have strong G7 unity. Think we will see support for two state solution in G7 statement

The USDCAD is marginally lower and back below its 100-hour moving average at 1.44167. Its 200-hour moving average is at 1.43921. That is just above the 38.2% retracement of the range since the February low at 1.43916.