Forex: USD/CAD rises on Canadian updates

on Jun 17, 2013

During a quiet Asian session lacking fresh economic data, the USD/CAD was range-bound between 1.0173 session high and 1.0148 session low.

Subsequently, the International Securities Transactions April data was released by Canada’s National Statistics Agency, showing a rise in April for non-resident investment in Canadian securities to US$14.91 billion, the largest monthly investment so far this year. Separately, Canadian investors were reported to have acquired $2.81 billion of foreign securities in April.
And the Canadian Real Estate Association reported Existing Home Sales for May m/m as up by 3.6 percent.
On the back of this news, the Canadian dollar moved slightly higher against the USD, recording a fresh session high at 1.0173 for a 0.15 percent intraday increase so far.

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