A slow down? After three days of going up, US Dollar-Canadian Dollar is flat today, hovering around 1.3603.

USD/CAD weakened earlier in the day, before moving away from its 1.3578 low and recovering back to 1.3603.

Initial Jobless Claims data from United States will be released today at 12:30 UTC with analysts expecting a decline to 240,000. Potentially significant price fluctuations in US Dollar-Canadian Dollar are expected to follow.

On the flip side, United States Crude Oil Inventories released earlier showed a marked improvement to -1.28 million from the preceding data of -5 million, but fell short of the -1.1 million figure forecast by a consensus of market analysts.

While price action maintains a negative bias, United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25. United States ISM Non-Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 51.9, while the previous figure was 51.2.

In the meantime, negative performances are seen in other pairs, EUR/NZD is down to 1.7627, losing 135 pips, after closing at 1.7762 in the preceding trading session. GBP/NZD is down 103 pips from the beginning of the session and now trades around 2.0065.

Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: having closed the previous session at 0.884, USD/CHF is up 0.33% today to currently trade at around 0.8869.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as Canada Employment Change projected to come out at 20,000 — worse than previous data of 34,700; data will be released tomorrow at 12:30 UTC.

Furthermore, Canada Ivey PMI (Apr) is scheduled for today at 14:00 UTC. Canada Trade Balance (Mar) is expected today at 12:30 UTC.

As things stand, US Dollar-Canadian Dollar is 20.2% away from a significant low of 1.1321 first set 5 months ago.