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April 04, 2023
Tentatively higher from an earlier low of 1.3404, USD/CAD is up to 1.3446 today, adding 20 pips, or 0.16%, to yesterday's closing price of 1.3425.
US Dollar-Canadian Dollar is currently trading at 1.3446 following the release of JOLTs Job Openings (Feb) data from the United States.
Meanwhile, United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million. Canada Building Permits released today at 12:30 UTC with a figure of 8.6%, while the previous figure was -3.7%. United States ISM Manufacturing PMI (Mar) came out at 46.3.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.6065, EUR/AUD is up 0.97% today to currently trade at around 1.6221. Having closed the previous session at 1.6666, GBP/CAD is up 0.83% today to currently trade at around 1.6804.
Meanwhile, USD/CHF is trading around 0.9058 (down 64 pips).
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at Canada Trade Balance (Feb) is scheduled for tomorrow at 12:30 UTC. United States ADP Nonfarm Employment Change (Mar) scheduled to come out tomorrow at 12:15 UTC.
After setting a supportive marker at 1.1321 around 4 months ago, US Dollar-Canadian Dollar is now trading 18.58% higher.
