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Wrap Up 8-12 April USDCAD Down 0.47%

Housing Starts

184K

176K

178K

Building Permits m/m

1.7%

3.7%

1.8%

NHPI m/m

0.2%

0.1%

0.1%

For Canada we have even less economic data than on Australia. Housing starts surprised the market with a number of 184K, but building permits were 2% under the estimates. The Canadian dollar was bought mainly on a higher risk appetite from the investors.

Next week will be much more interesting. Manufacturing sales are expected to rise at 0.6%, the CPI to be 0.2% and the overnight rate to be kept at 1.00%. BOC Monetary Policy and Rate Statement are scheduled for Wednesday.

wrap-up-8-12-usdcad-down-0.44-13.04.2013

The Canadian dollar continued his appreciation in front of the US dollar. USDCAD dropped 0.47% but couldn’t close under 1.01 level. The price remained between the limits of the beginning of the month 1.01.1.0235. Only a breakout could give us the next direction.

Wrap Up 8-12 April USDCAD Down 0.47% by
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