Markit Manufacturing PMI rebounds above 50 threshold in Canada. The USD/CAD pair largely ignores the upbeat data, trades in the positive territory. The data published by the IHS Markit today revealed that the business activity in the Canadian manufacturing sector expanded modestly in July with the Manufacturing PMI rising to 50.2 following June’s reading of 49.2 This data also beat the market expectation of 49.5. Nevertheless, the Loonie struggled to capitalize on this data and the USD/CAD pair was last seen trading at 1.3236, adding 0.38% on the day. Commenting on the data, “July data provides some encouragement that the downturn in Canadian manufacturing production has started to lose intensity, with the latest survey pointing the slowest drop in output for four months,” said Tim Moore, Economics Associate Director at the IHS Markit. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Wall Street opens higher following Wednesday’s slump FX Street 4 years Markit Manufacturing PMI rebounds above 50 threshold in Canada. The USD/CAD pair largely ignores the upbeat data, trades in the positive territory. The data published by the IHS Markit today revealed that the business activity in the Canadian manufacturing sector expanded modestly in July with the Manufacturing PMI rising to 50.2 following June's reading of 49.2 This data also beat the market expectation of 49.5. Nevertheless, the Loonie struggled to capitalize on this data and the USD/CAD pair was last seen trading at 1.3236, adding 0.38% on the day. Commenting on the data, "July data provides some encouragement that the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
