Market stalemate leaves US Dollar-Canadian Dollar hovering around 1.337 .
A good end to the trading week, USD/CAD is up to 1.337, after closing yesterday at zero. Overall, a 0% move or 13,369 pips this week. (Start trading US Dollar-Canadian Dollar at FXTM today).
At the same time, Canada Interest Rate released today at 14:00 UTC with a figure of 4.75, while the previous figure was 4.5. Canada Ivey PMI (May) came out at 53.5, while a consensus of analysts was expecting 57.2. Fresh Labor Productivity (QoQ) (Q1) data from Canada came out at -0.6. Canada Trade Balance (Apr) came out at 1.94 billion, while a consensus of analysts was expecting 900 million. Canada Building Permits came out at -18.8%, while a consensus of analysts was expecting -5%.
Furthermore, the market is looking at Friday data for Canada Employment Change will be released, with an expected decline to 23,200 from the preceding figure of 41,400.
Furthermore, the market is looking at Canada Unemployment Rate projected to decline to 5.1 while previous data was five; data will be released Friday. United States Core Consumer Prices is expected Tuesday.