| 
April 18, 2023
USD/CAD is grinding lower from 1.3394 to 1.3367, shedding 26 pips (0.2%) today.
Canada Core Consumer Prices is next today at 12:30 UTC.
Amid the market gloom, Canada Foreign Securities Purchases (Feb) released yesterday at 12:30 UTC with a figure of 4.62 billion, while the previous figure was 4.2 billion. Canada Wholesale Sales (MoM) (Feb) came out at -1.7, while a consensus of analysts was expecting -1.6. United States TIC Net Long-Term Transactions (Feb) released yesterday at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: having closed the previous session at 1.2378, GBP/USD is up 0.42% today to currently trade at around 1.2431. EUR/USD added 0.42% to its value, now trading at 1.0976. Having closed the previous session at 0.6185, NZD/USD is up 0.5% today to currently trade at around 0.6217.
Furthermore, Canada Core Consumer Prices is expected today at 12:30 UTC. Canada RMPI (MoM) (Mar) will be released tomorrow at 12:30 UTC. Canada Consumer Price Index is expected today at 12:30 UTC.
The currency pair has been trending lower for about a month. Having set a significant low of 1.1321 5 months ago, US Dollar-Canadian Dollar is trading 18.31% higher.
