Market Overview

USD/CAD Trading Lower, Canada's Manufacturing Sales Improve

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USD/CAD is trading at 1.3073, down 0.0042.

The pair is trading rangebound.

Statistics Canada reported that August Manufacturing sales in Canada rose 0.9 percent versus a rise of 0.1 percent in July. The Bank of Canada (BOC) meets on Wednesday and will announce if there is any change in monetary policy.

Some chatter about buyers near 1.3040 and sellers near 1.3100 is making the rounds.

 

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Posted-In: Canadian dollar USD/CADFutures Forex Markets