FXstreet.com (Barcelona) - The Dollar has reacted down against the Canadian after the better than expected GDP in 3Q and the worst reading in the Canadian industrial product price data in September. USD/CAD has fallen to 1.0800 to test MA55 hourly at 1.0710.
Currently the pair is trading around 1.0710/20, 0.65% below today's opening price action at 1.0800.
Gross Domestic Product has increased 3.5% in the third quarter, slightly above the 3.2% increase expected by the analyst, favored by a sharp increment on consumer spending. Canadian industrial product price has declined 0.5% in September, an unexpectedly drop after the August increase of 0.5%. Market expected a 0.2% increases.