Article source: binarytribune.com
Yesterday’s trade saw USD/CAD within the range of 1.2479-1.2664. The daily high has also been the highest level since February 11th, when a high of 1.2700 was recorded. The pair closed at 1.2497, falling 0.61% on a daily basis, or the first loss in five trading days.
At 8:39 GMT today USD/CAD was down 0.25% for the day to trade at 1.2456. The pair touched a daily low at 1.2443 at 7:15 GMT.
Sales of new single-family homes probably decreased to the seasonally adjusted annual rate of 470 000 during January compared to a month ago, according to market expectations. The index ofnew home sales surged 11.6% to the annual rate of 481 000 in December, which has been the highest level since June 2008. December’s figure was supported by a 53.6% increase in sales in the Northeast region.