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The USD/CAD exchange rate was not affected strongly by the Canadian and the US manufacturing reports. Though the pair fell strongly by 31 base points just ahead of 4:00 PM Londox fix.
The Canadian manufacturing sector marked stronger pace of growth by the end of 2017, as companies increased operating capacity due to a rise in work backlogs and new orders, data revealed on Tuesday. Markit reported that Canada's Manufacturing PMI grew to 54.7 in December, following 54.4 in the prior month. Companies stated that higher demand was partly caused by spending within the energy sector, which kept recovering from the oil price drop two years ago. In addition, 36% of surveyed manufacturers anticipate output volumes to increase in 2018.
| Historical Data Table: Canadian Manufacturing PMI | Economic Calendar for 03.01.2017 | ||||||||
| Date | 01.09.2017 | 02.10.2017 | 01.11.2017 | 01.12.2017 | 02.01.2018 | 9:30 AM | UK Construction PMI | ||
| Actual | 54.6 | 55 | 54.3 | 54.4 | 54.7 | 3:00 PM | ISM Manufacturing PMI | ||
| Forecast | - | - | - | - | - | 7:00 PM | FOMC Meeting Minutes | ||
| Initial Reaction on Main Pairs 15:50 | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.981 | 0.97925 | -0.18% | AUD/CAD | 68.84% | 31.16% | |||
| CAD/CHF | 0.77595 | 0.77777 | 0.23% | CAD/CHF | 37.73% | 62.27% | |||
| EUR/CAD | 1.50826 | 1.50598 | -0.15% | EUR/CAD | 28.49% | 71.51% | |||
| USD/CAD | 1.2534 | 1.25035 | -0.24% | USD/CAD | 63.56% | 36.44% | |||