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    USD/CAD: high chance of correcti on 26.05.2015

    The pair USD/CAD continues to rise due to the poor data on the US consumer price index, released last Friday. In April this index has exceeded experts’ expectations, reaching the level of -0.2% on annual basis, which is a sign of acceleration in deflation. On the other hand, Canadian consumer price index for April fell from 1.2% to 0.8%, which was much deeper decline, than that of the American index, and therefore, demand for the USD has increased. Attention today shall be focused on the number of orders for durable goods in the USA. It is expected that this index will fall up to -0.4%, disrupting USD positions. 

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