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April 11, 2023USD/CAD slides down from 1.3506 to 1.3483 today, losing 23 pips (0.17%).
US Dollar-Canadian Dollar is currently trading at 1.3483 following the release of EIA Short-Term Energy Outlook data from the United States.
Amid the market gloom, United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
In the meantime, negative performances are seen in other pairs, USD/CHF retreats 0.48% to trade around 0.9047.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/NZD is up 0.84%. EUR/NZD gained 0.95% and is now trading at 1.7617.
Furthermore, Canada Interest Rate figure is projected at 4.5. It previously stood at 4.5; data will be released tomorrow at 14:00 UTC. Canada BoC Monetary Policy Report will be released tomorrow at 14:00 UTC. Canada BOC Press Conference is scheduled for tomorrow at 15:00 UTC.
The currency pair has been trending lower for about a month. US Dollar-Canadian Dollar is now trading 19.3% away from its significant low of 1.1321 first tested 4 months ago.
