STOCKS DIP, EXTENDING LAST WEEK'S DECLINES AS INFLATION JITTERS LINGER

Latest economic data show 'supply-side shocks hitting the economy,' but will likely resolve in months to quarters: Economist

USD/CAD (CAD=X)

CCY - CCY Delayed Price. Currency in CAD

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1.2040-0.0024 (-0.20%)

As of 6:18AM BST. Market open.

FX Empire
USD/CAD Daily Forecast – Canadian Dollar Stays Strong Against U.S. Dollar
USD/CAD settled below 1.2100 and is testing the support at 1.2080.
Reuters
Canadian dollar steadies as housing activity calms in April
The Canadian dollar was little changed against its U.S. counterpart on Monday, consolidating some recent gains as Wall Street edged lower and domestic data showed activity easing in Canada's red-hot housing market in April. Canadian home sales fell 12.5% in April from March, with the average selling price also declining slightly on the month, data from the Canadian Real Estate Association showed. Separate data from the Canadian Mortgage and Housing Corporation showed housing starts falling 19.8%.
FX Empire
Economic Data from China Sets the Tone With Stats on the Lighter Side in the Day Ahead
Economic data from China came up short of forecasts early this morning. With the economic calendar on the lighter side, stats from the U.S will put the Dollar back in focus.