US NAHB Housing Market Index (July): 57 vs 51 (June)

Jul 16, 2013

USD/CAD bounces and erases daily losses

The USD/CAD fell to fresh daily lows following the US CPI and Canadian manufacturing sales, but momentum was lacking and the decline short-lived.

Marc Chandler at Global Currency Strategy at Brown Bothers Harman said the US labor market has gradually improved.