19 Aug 2015
USD/CAD muted on US data
FXStreet (Edinburgh) - USD/CAD kept the composure following the release of US inflation figures for the month of July, meandering the upper bound of the range near 1.3070/75.
USD/CAD closer to daily tops, looks to FOMC
The pair kept the high ground after US inflation figures gauged by the CPI have matched expectations during last month, with headline prices up 0.2% YoY and core prices advancing 1.8% YoY. On the positive side, the weekly earnings component rose at an annual pace of 2.2%.
Spot will remain under scrutiny nonetheless, as the FOMC will publish its minutes from the last meeting, expected this evening in Europe.
USD/CAD levels to consider
At the moment the pair is advancing 0.10% at 1.3073 with the next hurdle at 1.3159 (high Aug.12) ahead of 1.3183 (high Aug.10) and then 1.3197 (high Aug.6). On the other hand, a breakdown of 1.3022 (low Aug.19) would open the door to 1.2998 (low Aug.11) and finally 1.2957 (low Aug.13).
USD/CAD closer to daily tops, looks to FOMC
The pair kept the high ground after US inflation figures gauged by the CPI have matched expectations during last month, with headline prices up 0.2% YoY and core prices advancing 1.8% YoY. On the positive side, the weekly earnings component rose at an annual pace of 2.2%.
Spot will remain under scrutiny nonetheless, as the FOMC will publish its minutes from the last meeting, expected this evening in Europe.
USD/CAD levels to consider
At the moment the pair is advancing 0.10% at 1.3073 with the next hurdle at 1.3159 (high Aug.12) ahead of 1.3183 (high Aug.10) and then 1.3197 (high Aug.6). On the other hand, a breakdown of 1.3022 (low Aug.19) would open the door to 1.2998 (low Aug.11) and finally 1.2957 (low Aug.13).