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

2:53 PM 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.

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