Canadian Dollar after testing pair USD / CAD 1.0860 level decreased. Notwithstanding the growth in the vapor remains within the range of the trade, since data that would lead to overcoming significant levels, was not. Investors expect the data on the balance of payments in Canada on Thursday and Friday in GDP. In the U.S., updated data on changes of GDP in the first quarter out on Thursday. USD / CAD pair declined in May, but the range of variation was small. Below is a relative minimum until April couple samples. In general, economic data from Canada moderately improved recently, that was balanced by a neutral position of the Bank of Canada. After economic data this week for the Canadian dollar will be important for monetary policy statement following the meeting manned maneuvering unit of the Bank of Canada, manned maneuvering unit which will be held next week. Given the evidence of rising inflation, which came out last week, investors expect the tone of the statement may be a little less soft than before.
Sunday, June 1, 2014
Canadian Dollar after testing pair USD / CAD 1.0860 level decreased. Notwithstanding the growth in
Canadian Dollar after testing pair USD / CAD 1.0860 level decreased. Notwithstanding the growth in the vapor remains within the range of the trade, since data that would lead to overcoming significant levels, was not. Investors expect the data on the balance of payments in Canada on Thursday and Friday in GDP. In the U.S., updated data on changes of GDP in the first quarter out on Thursday. USD / CAD pair declined in May, but the range of variation was small. Below is a relative minimum until April couple samples. In general, economic data from Canada moderately improved recently, that was balanced by a neutral position of the Bank of Canada. After economic data this week for the Canadian dollar will be important for monetary policy statement following the meeting manned maneuvering unit of the Bank of Canada, manned maneuvering unit which will be held next week. Given the evidence of rising inflation, which came out last week, investors expect the tone of the statement may be a little less soft than before.
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