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March 15, 2023
After closing the previous trading day at 1.3683, USD/CAD is up to 1.3788, which makes for a move of 0.77%/104 pips today.
US Dollar-Canadian Dollar is currently trading at 1.3788 following the release of Crude Oil Inventories data from the United States.
While US Dollar-Canadian Dollar is up today, these currencies are lagging behind: after ending yesterday's session at 144.02, EUR/JPY lost 352 pips and is trading around 140.5. EUR/USD crashes 1.66% to trade around 1.0556. GBP/JPY is trading around 160.53 (down 258 pips).
Furthermore, the market is looking at United States Initial Jobless Claims is projected to outperform its last figure with 205,000, having previously been at 211,000. The figure will be published tomorrow at 12:30 UTC.
Elsewhere, Canada Wholesale Sales (MoM) (Jan) scheduled to come out tomorrow at 12:30 UTC. United States Philadelphia Fed Manufacturing Index (Mar) is expected tomorrow at 12:30 UTC.
The currency pair has been trending positively for about a month. Having set a significant low of 1.1321 4 months ago, US Dollar-Canadian Dollar is trading 20.86% higher.
