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Forex Flash: CAD – A couple of data releases today

FXstreet.com (London) - Without there being much in the way of market moving economic data releases for today, and USD/CAD above 1.0200 handle, TD Securities mentions that there are couple pieces of data releases today with manufacturing sales and existing home sales. They say that for manufacturing, markets are looking for a 0.6% M/M increase in sales in March (TD +0.5%), on the back of the 2.6% increase in Feb. For existing home sales, they say we’re getting into the peak spring-summer sales season, so markets will be watching closely to see what happens after the 2.4% gain in March.

Italy 1Q Gross Domestic Product (YoY): -2.3%; -0.5% (QoQ)

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Forex Flash: EU GDP in focus today - DBS Group

DBS Group analysts note that advance estimates of 1Q13 EU GDP growth are on the tap today and the headline could register 0.8% decline YoY (vs-0.9% in 4Q12).
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