@pk Thanks for providing this info. I figured out that currency fluctuations on currency exchanges would not be reported as capital losses, but as regular income losses under Other Income in TT.
I'm unsure at the moment if foreign financial transactions trigger a currency gain/loss. Someone told me that it does but I can't find anything definitive. This article talks about reporting fluctuations when buying and selling bonds. Then there's this IRS publication which is impossible to interpret.
I purchased Canadian GICs, which are the equivalent of US CDs and I haven't converted the Canadian dollars back to USD yet (I reinvested).
