USD/CAD Stays Firm Above 1.3600 Despite US PPI Surge
Friday, 12 July 2024, 13:41
USD/CAD Stability
The USD/CAD pair remains relatively stable above the 1.3600 level in Friday's trading.
US PPI Surge
The US Producer Price Index (PPI) showed a significant increase in June.
Sideways Pattern
- The currency pair seems to be consolidating in a sideways pattern.
Market Watch
Traders are closely watching the US economic indicators for further market direction.
In conclusion, the USD/CAD continues to hold its ground despite the robust rise in US producer inflation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.