Canadian Dollar Plunges Amid Trade Talks Collapse

The Canadian dollar continued its decline in trading on Wednesday after trade talks collapsed and US tariffs took effect. The currency's losses were felt across the board, as it fell against other major currencies.

Eurozone inflation conditions remain a concern for policymakers, with ECB policymaker Cipollone stating that current conditions are far from severe and adverse scenarios. However, stagflation remains a remote scenario, according to Cipollone.

The Indian rupee is expected to revisit record lows as US-Iran tensions persist, with the deadlock between the two nations showing no signs of resolution.