USD/CAD posts light gains on a low-volatility day, ranging between 1.3357 – 1.3396 and is now at 1.3386.
United States Building Permits is next today at 13:00 UTC.
Nevertheless, Core Retail Sales in Canada fell short of market expectations (-0.6%) with a reading of -0.7%, continuing the decline from the previous figure of 0.5%.
At the same time, Canada New Housing Price Index (MoM) (Oct) came out at -0.2, while a consensus of analysts was expecting 0.2. Canada Manufacturing Sales (MoM) released yesterday at 13:30 UTC with a figure of two, while the previous figure was zero.
Other currencies are also rising as USD/SGD rises 0.27% to trade around 1.3825. NZD/USD added 0.56% to its value, now trading at 0.6176.
At the same time, GBP/NZD closed at 1.9246 (down 0.57%).
Also worthy of note, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released today at 13:30 UTC.
The market is looking forward to the release of new data: Canada BoC Gov Macklem speech will be released today at 21:30 UTC. Canada BoC Senior Deputy Governor Rogers speech is scheduled for today at 21:30 UTC.
As things stand, US Dollar-Canadian Dollar is 18.14% away from a significant low of 1.1321 first set 12 days ago.