USD/CAD Edges Higher as US PMIs Outperform, Canadian Data Weak
USD/CAD rose to 1.4095 as stronger US PMIs boosted the dollar, while the Canadian dollar struggled due to weak domestic data and lower oil prices.
USDCAD
The Canadian dollar remained under pressure on Friday, with USD/CAD trading around 1.4095, up 0.06% on the day. The US dollar held a slight advantage after the release of solid US economic data, while the Canadian dollar was weighed down by weak domestic indicators and softer oil prices.
No further details on the specific PMI figures or Canadian economic data were provided in the original post, but the overall tone suggests continued divergence between the two economies.
Source: FXStreet Forex News