Forex: USD/CAD rises to yesterday’s high at 1.0203

on Jun 18, 2013

At the beginning of today’s Asian session the quote started an uptrend and reached yesterday’s daily high at 1.0203. Presently the pair is bullish and hovering around 1.0192.

During the past two days USD/CAD has been slightly lower compared to today’s performance so far. Yesterday the CAD benefited from government figures which showed that in April foreign investors bought a seven-month’s high worth of Canadian securities and that existing home sales that month rose by 3.6 percent. The pair rose to a 1.0203 daily high for a gain of 0.45 percent intraday.
Further movements in the USD/CAD are likely to be influenced by the US CPI (excluding food and energy) and CPI for May y/y, due for release at 13:30 BST today.

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