| 
May 16, 2023USD/CAD falls to 1.3431, following mixed behavior today as it ranges between 1.34 and 1.3567.
US Dollar-Canadian Dollar is currently trading at 1.3431 following the release of Core Consumer Prices data from the Canada.
While price action maintains a negative bias, Canada Core Consumer Prices came out at 0.5%, while a consensus of analysts was expecting 0.7%. Canada Consumer Price Index released today at 12:30 UTC with a figure of 0.7%, while the previous figure was 0.5%. Canada Core Consumer Prices came out at 4.1%, while a consensus of analysts was expecting 4.4%.
In the meantime, negative performances are seen in other pairs, GBP/CAD is down 52 pips from the beginning of the session and now trades around 1.6811. EUR/CAD retreats 0.21% to trade around 1.4608.
Positive performances can be seen by looking at other currencies as EUR/AUD is up 0.36%.
In addition, United States Crude Oil Inventories expected to decline to -1.3 million while its preceding data was 2.95 million, data will be available tomorrow at 14:30 UTC.
Furthermore, Canada Foreign Securities Purchases (Mar) is scheduled for tomorrow at 12:30 UTC. United States Building Permits (Apr) is expected tomorrow at 12:30 UTC.
As things stand, US Dollar-Canadian Dollar is 18.93% away from a significant low of 1.1321 first set 6 months ago.
