USD/CAD EVEN AFTER RELEASE OF CANADIAN GDP AND US PCE DATA... dari hagijeee

30 Jun 2024, 13:10 · Views 78

USD/CAD trades flat at around 1.3700 after a big data day for the pair.
Canadian GDP showed a 0.3% rise in April suggesting a strong economy.
US PCE inflation data, the Fed’s preferred gauge, meanwhile, showed progress towards the Fed’s 2.0% target.

USD/CAD trades flat at around 1.3700 on Friday after the release of Canadian economic growth data and US inflation data updated analysts evaluations of the currency pair.

After starting the Asian sessions in the 1.3730s the pair declined during the day as the Canadian Dollar (CAD) steadily appreciated against its south-of-the-border counterpart. A late-stage rally by the US Dollar (USD), however, brought the pair even as the west coast began to rise.

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