untitled design

USD / CAD remains near 1.2640 / 50 after data from Canada

  • Dollar with limited falls, expectation for opening on Wall Street.
  • Canada: economy expands 0.1% in December.

USD / CAD was not affected by growth data from Canada. The price remains in positive territory for the day on the 1.2650 area, but far from the highs of the day. The dollar lost momentum in the last hours due to a rebound in the equity markets and some stability in the bond market.

DXY loses strength, data without impact

EThe dollar reached a peak in the European session, driven by some risk aversion, when the USD / CAD reached 1.2698. The cross then retraced to find support above the Asian session lows and bounced from 1.2643.

Canada’s growth report showed that the economy expanded to 0.2% in December, below the expected 0.2%. In the fourth quarter there was growth at a rate of 9.6%, higher than the 7.5% of the consensus. The data did not influence the loonie. USD / CAD remained around pre-report levels, while against other commodity-linked currencies, it remained slightly positive.

La Uncertainty in the equity markets favors the loonie against currencies such as the AUD and the NZD. Against these it cut gains in the last hours before the rebound of the actions. On Wall Street, the Dow Jones points to a negative open of only -0.3% and the Nasdaq -0.11%. Both away from the floor of the Asian session.

Technical levels

.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular