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April 06, 2023US Dollar-Canadian Dollar trades at 1.3476 after gaining 19 pips (0.15%).
United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 200,000.
Uptick comes while some more positive signs for US Dollar-Canadian Dollar are out as highly important Crude Oil Inventories data from United States beat analyst expectations of -2.33 million with a reading of -3.74 million.
At the same time, United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5. Canada Trade Balance (Feb) released yesterday at 12:30 UTC with a figure of 420 million, while the previous figure was 1.2 billion.
Other currencies are also rising as GBP/NZD climbs 0.44% to trade around 1.98. EUR/NZD is up 0.4%.
At the same time, after ending yesterday's session at 0.6319, NZD/USD lost 31 pips and is trading around 0.6288.
Also worthy of note, Canada Employment Change projected to decline to 12,000 while previous data was 21,800; data will be released today at 12:30 UTC.
Furthermore, the market is looking at Canada Ivey PMI (Mar) scheduled to come out today at 14:00 UTC. Canada Unemployment Rate projected to come out at 5.1 — worse than previous data of five; data will be released today at 12:30 UTC.
After setting a supportive marker at 1.1321 around 4 months ago, US Dollar-Canadian Dollar is now trading 18.86% above this level.
