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    USD/CAD: correction before growth on 09.07.2015

    Yesterday at 15:30 (GMT 3), disappointing statistics on Building Permits for May were released in Canada (-14.5% against -5.0% forecast). The market ignored this data while waiting for FOMC meeting minutes publication at 21:00 (GMT 3). What concerns the regulator is the current situation in the world economy as well as some weak aspects of the U.S. economy, in particular, slow growth in consumer spending, falling energy prices and strengthening of the U.S. dollar. The minutes did not signal an imminent rate rise in the USA.


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