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USD/CAD within range, US data eyed

FXStreet (Edinburgh) - The Canadian dollar extends its daily appreciation vs. its neighbour, taking USD/CAD to the area of 1.2230.

USD/CAD unmoved by data

The pair kept the composure after the preliminary gauge of the Markit’s manufacturing PMI came in at 54.52 for the month of April, down from March’s final reading at 55.7. Previously, US Initial Claims matched consensus in the week ended on April 17th, although spot barely reacted.

Ahead in the session, New Home Sales are due with prior surveys expecting sales to have increased by 523 during last month, lower than February’s 539K.

USD/CAD significant levels

At the moment the pair is losing 0.09% at 1.2226 and a breach of 1.2213 (low Apr.23) would expose 1.2180 (low Apr.20) and finally 1.2100 (psychological level). On the other hand, the immediate resistance aligns at 1.2296 (high Apr.21) followed by 1.2300 (psychological level) and then 1.2328 (high Apr.16).

GBP/JPY rejected at 180.40 again; back below 180.00

The British Pound has been rejected by the 180.40 level again versus the Japanese Yen. Currently, the GBP/JPY is trading back below 180.00. The move is being fueled by weak UK retail sales.
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Key developments in the Gold market – BBH

Mark Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, highlights the notable developments in Gold, and further shares the percentage of Gold holdings in a country’s reserves.
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