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July 02, 2023A quick look at Friday: down on the day: USD/CAD closed at 1.3236 after ranging between 1.3236 and 1.324.
US Dollar-Canadian Dollar's value drop coincided with the fact that after ending Friday's session at 1.79, EUR/NZD lost 123 pips and is trading around 1.7776.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: NZD/USD jumps 1.14% Friday and closed at 0.6069. GBP/USD added 0.69% and closed around 1.261 Friday.
Furthermore, United States ISM Manufacturing PMI (Jun) scheduled to come out tomorrow at 14:00 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 17.03% above this level.
