US Dollar-Canadian Dollar is trading around 1.3443 after ending the previous session at zero (up 0%) .
Trading week at a glance - USD/CAD is up to 1.3443, after closing yesterday at zero. Overall, a 0% move or 13,442 pips this week. (Start trading US Dollar-Canadian Dollar at FXTM today).
On the flip side, fresh GDP data released in Canada matched analyst forecasts with a reading of 0.1% -- a backwards step from its previous reading of 0.3%. Data for United States Initial Jobless Claims published today at 13:30 UTC came out at 225,000, beating projections of 235,000 and showing improvement over the preceding figure of 241,000.
Meanwhile, United States ISM Manufacturing PMI (Nov) came out at 49, while a consensus of analysts was expecting 49.8. Canada Labor Productivity (QoQ) (Q3) released today at 13:30 UTC with a figure of 0.6, while the previous figure was 0.1. United States Core PCE Price Index (MoM) (Oct) released today at 13:30 UTC with a figure of 0.2, while the previous figure was 0.5.
Also worthy of note, Canada Employment Change projected to come out at 5,000 — worse than previous data of 108,300; data will be released tomorrow at 13:30 UTC.
Furthermore, the market is looking at Canada Ivey PMI (Nov) is scheduled for Tuesday. Canada Building Permits is expected Monday.