Mixed data of US and Canada trade balances. USDCAD gains 0,5%

14:53 7 November 2023
  • US Trade Balance: -61,54 mld USD vs -59,8 mld USD exp. and 58,3 mld USD previously
  • Canadian Trade Balance: 2,04 mld USD vs 1 mld USD exp. and 0,72 mld USD previously

In US economy we can see that import side of the report was far larger than expected and at the same time Canadian export rose much faster than analysts estimated. USDCAD gains after data releases and canadian dollar is weakening to US dollar.

Źródło: xStation5

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.

Back

Join over 1.4 Million investors from around the world