Share Tips - The U.S. dollar rose to a six-year high opposed its Canadian counterpart on this Friday, as upbeat U.S. economic data highlight the part monetary policy stance between the Bank of Canada and Federal Reserve.
USD/CAD hit highs of 1.3006, a level not seen since March 2009, before resolve at 1.2972 in late trade, up 0.1% for the day. The pair closed the week with a gain of 2.47 percent
Data on this Friday showed that U.S. buyer prices rose 0.3% in June, the fifth successive monthly grow, while core prices, which eliminate food and energy, grwing 0.2 percent last month, attach to signs of firming inflation.
A separate report showed that U.S. housing starts surged 9.8 percent to 1.174 million units in June. Analysts had await housing starts to grow by 6.2 percent this last month.
Meanwhile, U.S. building allow bounce 7.4 percent to 1.343 million units in June, the most since July 2007, pointing to a rapidly nourish housing market.
USD/CAD hit highs of 1.3006, a level not seen since March 2009, before resolve at 1.2972 in late trade, up 0.1% for the day. The pair closed the week with a gain of 2.47 percent
Data on this Friday showed that U.S. buyer prices rose 0.3% in June, the fifth successive monthly grow, while core prices, which eliminate food and energy, grwing 0.2 percent last month, attach to signs of firming inflation.
A separate report showed that U.S. housing starts surged 9.8 percent to 1.174 million units in June. Analysts had await housing starts to grow by 6.2 percent this last month.
Meanwhile, U.S. building allow bounce 7.4 percent to 1.343 million units in June, the most since July 2007, pointing to a rapidly nourish housing market.
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