FXstreet.com (Barcelona) - After be rejected by the 1.2725, the USD/CAD has fallen around 120 pips from this level to break the 1.2625 (March 13 and 16 low) and reach the 1.2604, two weeks low.
Currently, the USD/CAD is trading around the 1.2615/25 band, the USD is under pressure from the US better than expected data.
US Feb current account has reduced its deficit from the 181.3 billions to 132.8 USD billions, a better than expected data of 137.1 billion of current account deficit, reaching the smallest deficit in 5 Years.
CPI was posted at 0.4% between January and February and 0.2% year over year. CPI ex food and energy was posted at 1.8% in Feb, an increases from 1,7% posted in January.