| 
May 03, 2023USD/CAD remains range-bound within a 1.3604 to 1.3631 range but falls to 1.3613 in choppy trade.
United States ADP Nonfarm Employment Change (Apr) is next today at 12:15 UTC.
While price action maintains a negative bias, United States JOLTs Job Openings (Mar) came out at 9.59 million, while a consensus of analysts was expecting 9.78 million. United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -3.94 million, while the previous figure was -6 million. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.
In the meantime, negative performances are seen in other pairs, USD/JPY is down to 136.07, losing 44 pips, after closing at 136.52 in the preceding trading session. GBP/NZD closed at 2.003 (down 0.26%).
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.621, NZD/USD is up 0.41% today to currently trade at around 0.6235.
Furthermore, Canada Ivey PMI (Apr) scheduled to come out tomorrow at 14:00 UTC. Canada Trade Balance (Mar) will be released tomorrow at 12:30 UTC. Canada BoC Gov Macklem speech set for tomorrow at 16:50 UTC.
Having set a significant low of 1.1321 5 months ago, US Dollar-Canadian Dollar is trading 20.33% higher.
