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Canada: Housing Starts fell to 174.9K YoY in April

FXstreet.com (Barcelona) - Canadian Housing Starts dropped to a seasonally adjusted 174.9K over the last twelve months in April, a tad lower than expectations at 175K and previous print at 181.0K (revised).

Forex: USD/CAD trading at session lows after Canadian housing data

The USD/CAD has recently touched intraday lows at 1.0037 Wednesday, after experiencing a tepid downturn throughout European trading. Indeed, two attempts at the upside – albeit ahead of an afternoon data release – were stonewalled at the 1.0060 region, culminating in a downturn to 1.0037/40 in these moments.
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Forex: EUR/CAD testing resistance at 1.3186/90

The EUR/CAD has operated almost exclusively in an uptrend Wednesday and outside of a brief easing off of its session highs past the 1.3200 level (1.3210), the cross is firmly entrenched in positive territory at 1.3186/90 in these moments, ahead of US trading and on the heels of Canadian economic data.
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