Forex

Loonie rises slightly on strong housing data

2019-09-10 18:08:12 GMT (Economies.com)

Canadian dollar rose against greenback today after the release of strong housing data.

 

Construction of new homes in Canada reached 227 thousand units last month, and the building permits rose by 3%.

 

The markets are also closely following the latest round of the US-China trade talks in the first of October.

 

President Trump announced today that he had fired National Security Adviser John Bolton, over what he called fundamental disagreements. 

 

Otherwise, the markets are anticipating the ECB and the US Fed interest rate decisions this week and the next to determine the course of their monetary policy.

 

By 16:52 GMT, CAD/USD rose by 0.25 to 0.7611, with a high of 0.7618 and a low of 0.7576.

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