USDCAD pulled back following the release of Canadian GDP data for Q1 2023 at 1:30 pm BST today. Report showed annualized growth of 3.1% in Q1 2023 while the market expected 2.5%. GDP for March was 1.7% YoY higher (exp. 1.8%) and flat month-over-month (exp. -0.1% MoM). This is clearly CAD-positive reading with annualized growth accelerating off the -0.1% reported for Q4 2022 (revised lower from 0.0%).
USDCAD is pulling back from the 1.3650 resistance zone following better-than-expected GDP reading from Canada. Source: xStation5
Chart of the Day: USDJPY Rises Again. Intervention Is Not Enough — Markets Await BoJ Action
Economic Calendar: RBA Holds Rates, Markets Await US Housing Data
Daily Summary: Failure of negotiations in the gulf, oil and gas prices soar
FX Weekly: Yen Returns to Losses, Dollar Under Pressure (10.08.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
