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April 25, 2023USD/CAD goes up to 1.3542, having dipped down to 1.352 earlier.
At the same time, Canada Wholesale Sales (MoM) released yesterday at 12:30 UTC with a figure of -0.4, while the previous figure was -1.7. Canada New Housing Price Index (MoM) (Mar) came out at zero, while a consensus of analysts was expecting -0.5.
Other currencies are also rising as EUR/JPY gained 0.22% and is now trading at 148.5. Having closed the previous session at 1.6496, EUR/AUD is up 0.28% today to currently trade at around 1.6542. GBP/JPY is up 0.16% to 167.76.
Positive indicators for US Dollar-Canadian Dollar are expected going forward as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of -0.1%. New data is set to be published tomorrow at 12:30 UTC.
Furthermore, the market is looking at Canada Manufacturing Sales (MoM) will be released tomorrow at 12:30 UTC. Canada Wholesale Sales (MoM) is expected today at 12:30 UTC.
Having established significant support at 1.1321 approximately 5 months ago, US Dollar-Canadian Dollar's share price has bounced 19.61% higher.
