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April 29, 2023
Yesterday at a glance: after ending Thursday at 1.3592, USD/CAD went up to 1.3668 only to drop back to its starting point and close at 1.3548.
Data from Canada concerning GDP was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.6% to 0.1% this month.
Meanwhile, United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 236,400, while the previous figure was 244,600.
Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: GBP/JPY went up by 2.39% yesterday, and closed at 171.14. USD/JPY went up by 1.8% yesterday, and closed at 136.31. EUR/JPY added 1.69% and closed around 147.59 yesterday.
US Dollar-Canadian Dollar is now trading 20.06% away from its significant low of 1.1321 first tested 5 months ago.
