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March 14, 2023
USD/CAD is down to 1.3717, after ending yesterday at 1.3727. Overall, a 0.08% loss or 10 pips today.
United States Consumer Price Index is next today at 12:30 UTC.
Meanwhile, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 1.4728, EUR/CAD lost 37 pips and is trading around 1.469. EUR/USD closed at 1.071 (down 0.18%).
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: having closed the previous session at 133.2, USD/JPY is up 0.2% today to currently trade at around 133.46.
In addition, United States Retail Sales projected to decline to -0.3% while previous data was 3%; data will be released tomorrow at 12:30 UTC.
Furthermore, Canada Manufacturing Sales (MoM) (Jan) is expected today at 12:30 UTC. Canada Housing Starts (Feb) scheduled to come out tomorrow at 12:15 UTC.
The currency pair has been trending positively for about a month. Having established significant support at 1.1321 approximately 4 months ago, US Dollar-Canadian Dollar's share price has bounced 21.25% higher.
