US initial jobless claims have posted biggest drop since December 2008, a decrease of 53k to 610k in April 11 week from 663k revised claims in the previous week. Expectations were a 2k claims increases to 665k. Building permits have fallen 9,0% and housing starts have collapsed 10,8% between February and March in United States.
On the Canadian side, manufacturing shipments have risen 2.2% in February, better than 5.4% decline posted in January, but well below the 3.3% increases expected by markets. Canadian Manufacturing new orders rose 8.6% between January and February.
Yesterday USD/CAD lost 0.81% from the 1.2145 opening price, reaching 1.2186 as highest and 1.2015 as lowest, to close at 1.2045.
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