The Canadian dollar rose against most major rivals on Friday following retail sales data.

Earlier government data showed retail sales rose 0.8% in March, beating estimates of a 0.6% rise, while core sales fell 0.7%.

On trading, the CAD/USD pair rose 1% as of 20:20 GMT to 0.7290.

Aussie

The Australian dollar rose 1.3% as of 20:20 GMT to $0.6497.

US Dollar

The dollar index fell 0.9% as of 20:04 GMT to 99.07, with a session-high at 99.9, and a low at 99.05.

Trump complained that dealing with the EU is proving very difficult, and recommended imposing 50% tariffs on the EU starting June 1

The new moves come in a time when trade tensions diminished somewhat after a brutal cycle of fear and concerns in April that almost pushed SP 500 into bearish territory, before Trump paused most reciprocal tariffs.

Investors were returning to the Buy America mindset after the US made trade deals with China and the UK with hopes of even more deals to come, but recent measures by Trump damaged such expectations.

Before Fridays losses, the main indices were already starting to fall due to concerns about higher US treasury yields, with the SP 500 falling 2% this week, and Dow Jones losing 1.9%, while NASDAQ gave up 1.5% so far since Monday.

Earlier on Thursday, the House of Representatives passed Trumps massive tax reform bill, and sent it to the Senate, with concerns growing about the massive cost of the plan to the debt burden.

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