USD/CAD Live News

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Feb. 21, 2024

A slow down? After four days of going up, US Dollar-Canadian Dollar is flat today, hovering around 1.3511.

Live - Updated 54 minutes ago.

US Dollar-Canadian Dollar is down to 1.3511, after ending yesterday at 1.352. Overall, a 0.07% loss or 9 pips today.

While price action maintains a negative bias, Canada New Housing Price Index (MoM) (Jan) released today at 13:30 UTC with a figure of -0.1, while the previous figure was zero. Fresh Core Consumer Prices data from Canada came out at 0.1%. Canada Consumer Price Index came out at 0%, while a consensus of analysts was expecting 0.4%.

USD/CAD's upper Bollinger Band® is at 1.3569 which indicates a further downward move may follow.

Overall, looking at the technical analysis landscape, it seems US Dollar-Canadian Dollar is likely to start pointing downward in the short term.

Though US Dollar-Canadian Dollar has been dropping, other pairs have been performing better: EUR/JPY gained 0.25% and is now trading at 162.48. GBP/JPY is up 0.28% to 189.75. USD/JPY is up 0.2%.

Furthermore, Canada Retail Sales is projected to outperform its last figure with 0.8%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC. Canada Core Retail Sales is projected to outperform its last figure with 0.7%, having previously been at -0.5%. The figure will be published tomorrow at 13:30 UTC. United States Existing Home Sales (Jan) will be released tomorrow at 15:00 UTC.

Trading mostly sideways for a month. This year has been a bright one for US Dollar-Canadian Dollar after trading as low as 1.311 and going on to appreciate by 264.22% year to date.

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Week to date

US Dollar-Canadian Dollar ends yesterday stable around 1.3511 .

A good end to the trading week, USD/CAD is up to 1.3511, after closing yesterday at zero. Overall, a 0% move or 13,510 pips this week. (Trade US Dollar-Canadian Dollar with FXTM now).

At the same time, Canada New Housing Price Index (MoM) (Jan) came out at -0.1, while a consensus of analysts was expecting 0.1. Canada Core Consumer Prices released yesterday at 13:30 UTC with a figure of 0.1%, while the previous figure was -0.5%. Canada Consumer Price Index came out at 0%. Fresh Core Consumer Prices data from Canada came out at 2.4%. Fresh RMPI (MoM) (Jan) data from Canada came out at 1.2.

Also worthy of note, Canada Retail Sales is projected to outperform its last figure with 0.8%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC. Canada Core Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.5%; data will be released tomorrow at 13:30 UTC. Canada Wholesale Sales (MoM) is expected Friday.