Market Overview

USD/CAD Trading Higher Ahead of Data

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USD/CAD is trading at 1.3406, up 0.0033.

The pair is trading near the session highs as overseas forex traders wind down trading for the day.

Market talk about headline news and Canada's economy has kept both buyers and sellers active.

Chatter about Canadian economic data due out Tuesday is starting to show up.

Statistics Canada is scheduled to release balance of trade along with export and import data at 8:30 a.m. ET. The Richard Ivey School of Business IVEY PMI (purchasing managers survey) is due out at 10:00 a.m. ET.

 

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Posted-In: Canadian dollar USD/CADFutures Forex Markets