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The Canadian Dollar inched up slightly against the Greenback, despite disappointing building premits figures. The major changes in the USD/CAD exchange rate were caused by news agencies, citing unknown sources saying that the Trump administration is likely to withdraw the United States from the NAFTA agreement. The pair added 86 base points or 0.69% to continue trading near the 1.2550 level.
The value of Canada's building permits dropped more than anticipated in November on fewer intentions for industrial and commercial construction, though plans for single-family houses increased, official data showed. Statistics Canada said that building permits fell 7.7% in the month from October.
| Historical Data Table: Canadian Building Permits | Economic Calendar for 11.01.2017 | ||||||||
| Date | 07.09.2017 | 10.10.2017 | 08.11.2017 | 07.12.2017 | 10.01.2018 | 1:30 PM | US PPI m/m | ||
| Actual | -3.5% | -5.5% | 3.8% | 3.5% | -7.7% | 1:30 PM | Canadain NHPI m/m | ||
| Forecast | -1.5% | -0.9% | 0.7% | 1.7% | -0.7% | 7:00 PM | US Federal Budget Balance | ||
| Initial Reaction on Main Pairs 19:00 | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.97951 | 0.98449 | 0.51% | AUD/CAD | 68.94% | 31.06% | |||
| CAD/CHF | 0.78384 | 0.77884 | -0.64% | CAD/CHF | 35.35% | 64.65% | |||
| EUR/CAD | 1.4933 | 1.50231 | 0.60% | EUR/CAD | 27.09% | 72.91% | |||
| USD/CAD | 1.2487 | 1.25729 | 0.69% | USD/CAD | 62.59% | 37.41% | |||