© Reuters. The USD/CAD advance, but the rise should be limited
Investing.com – The u.s. dollar rose slightly against its canadian counterpart on Monday, but gains should remain limited given that investors have turned to data expected on the inflation in the United States this week.
The USD / CAD was up 0.12% to 1,2594 at 9.30 am (13.30 GMT).
Market participants await the data of inflation in the u.s. this week in search of clues about the speed at which the federal Reserve will increase interest rates this year.
The greenback has strengthened considerably after the United States Congress had adopted a budget deal two years early Friday morning, putting an end to a brief closure of the government.
The agreement is expected to boost federal spending by nearly $ 300 billion and suspend the debt ceiling for a year.
The activities of the government were temporarily closed when there is a deadline of midnight to pass the budget deal american was missed Thursday because of a speech extended to senator Rand Paul, who said that the bill “pillerait the Treasury”.
Meanwhile, the canadian dollar linked to raw materials has benefited from a rise in oil prices, after heavy losses last week.
The loonie was slightly lower against the euro, with EUR / CAD up 0.08% to 1,5425.