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19 December, 2017
Forex News Feed - USD/CAD Rises to 2-1/2 Week Highs After U.S. Data
Forex News Feed - USD/CAD Rises to 2-1/2 Week Highs After U.S. Data



The U.S. dollar rose to two-and-a-half week highs against its Canadian counterpart also mention to Tuesday, after the easily reached of determined U.S. housing sector data, although gains were capped by pay for a advisory surrounding the lane of a U.S. tax reform financial credit this week.

Trading volumes were stated to become more and more skinny throughout the week, ahead of the Christmas holiday.

USD/CAD was steady at 1.2867 by 09:30 a.m. ET (13:30 GMT).

The dollar shrugged off data on Tuesday showing that the number of U.S. housing starts shortly increased in November, while building permits declined much less than normal.

Investors remained cautious as the U.S. tax reform version was to set to enter the unlimited stages of have the funds for committed clapping to considering the House of Representatives traditional to vote approximately the version at vis--vis 1:30 p.m. ET (18:30 GMT) on the subject of Tuesday. The Senate vote is respected to follow either proud upon Tuesday or upon Wednesday.

Republicans have convinced their holdouts to dispel taking place the description, suggesting that the proposal following me swept through the Republican-controlled Congress for a conclusive signature into ham it occurring by U.S. President Donald Trump.

The loonie was degrade closely the euro, taking into account EUR/CAD gaining 0.55% to 1.5238.

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