USD / CAD: Canadian Dollar updated intraday high after U.S. indices

Market news

2 January 2013

USD / CAD: Canadian Dollar updated intraday high after U.S. indices

USD / CAD continued to fall after the publication of the U.S. indices. Pair has been under pressure in trading in Europe and the USA after the restore traction to the risk of impact on the USD.

According to forecasts of the ISM index in the manufacturing industry in the U.S. would grow from 49.5 to 50.3 in December, but the figure rose to 50.7. The index of prices paid rose from 52.5 to 55.5 vs. 51.5 forecast. Construction Spending fell 0.3% in November against the expected growth of 0.6% and 0.7% in the pre. period.

Pair USD / CAD is currently trading around 0.9840.

The price of gold has increased significantly

U.S.: Construction Spending, m/m, November -0.3% (forecast +0.6%)

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