USD/CAD has been searching for direction today. The pair slumped down to 1.0840 — the lowest this month — in Asia but completely turned around in European trading and perked up to 1.0882.
The latest move is a 10 pip downdraft after data showed a $10.13 billion net inflow of securities purchases into Canada in April. It’s the largest inflow in a year and was led by $3.64B into stocks. It’s a dated report but
