USD/CAD, is the 1.0500 front protected?
FXstreet.com (Chicago) – USD/CAD sails downward, away from 1.06 zone and dipping 0.04% within the past hour. The gains for the day remain positive at 0.12% after fall due to weaker-than-expected durable goods orders data.
Attention shift…or tension shift?
In the US, durable goods orders took a punch at -7.3% vs. expected -3.0% and previous 3.9% along durable goods orders ex transportation at -0.6% vs. 0.6% for the month of July. The Dallas Fed Manufacturing Business Index rose to 5.0 vs. past 4.4. In Canada, GDP data for the second quarter of the year is due Friday. Jack Spits, managing director …read more