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April 03, 2023
Trading lower, USD/CAD is currently down 32 pips as it ranges between 1.3471 and 1.3581 so far today.
United States ISM Manufacturing PMI (Mar) is next today at 14:00 UTC.
Positive performances can be seen by looking at other currencies as EUR/JPY surges 0.59% to trade around 144.82. Having closed the previous session at 163.82, GBP/JPY is up 0.5% today to currently trade at around 164.63. USD/JPY gained 0.37% and is now trading at 133.29.
Furthermore, Canada Building Permits is expected tomorrow at 12:30 UTC. Canada Trade Balance (Feb) scheduled to come out tomorrow at 12:30 UTC. Canada BoC Business Outlook Survey is expected today at 14:30 UTC.
The currency pair has been trending positively for about 2 months. US Dollar-Canadian Dollar is now trading 19.34% away from its significant low of 1.1321 first tested 4 months ago.
