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July 04, 2023After closing the previous trading day at 1.3244, USD/CAD is up to 1.3249, which makes for a move of 0.04%/5 pips today.
At the same time, United States ISM Manufacturing PMI (Jun) released yesterday at 14:00 UTC with a figure of 46, while the previous figure was 46.9. United States ISM Manufacturing Employment (Jun) came out at 48.1, while a consensus of analysts was expecting 50.8. United States ISM Manufacturing Prices (Jun) came out at 41.8.
Elsewhere, United States FOMC Meeting Minutes will be released tomorrow at 18:00 UTC.
The currency pair has been trending lower for about a month. After setting a supportive marker at 1.1321 around 7 months ago, US Dollar-Canadian Dollar is now trading 17% higher.
