Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
USD/CAD gets a boost from weak oil and weakening sentiment
No reasons to buy the loonie today
USD/CAD is up 28 pips to 1.2541 on souring sentiment throughout markets. There are a handful of reasons for the push higher in the pair:
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