The recovering USD/CAD was stonewalled during American trading Wednesday, as the pair nosedived 42 pips off its session high (0.9990) to trade presently at 0.9967/68 in these moments. In the aftermath of some upbeat Canadian data, the CAD has made a valiant push though the pair still is trading positively. In Canada, the Ivey Purchasing Managers Index (January) came in at 54.8, relative to a figure of 43.1 in the previous month. Moreover, the Ivey Purchasing Managers Index s.a. has reported a result of 58.9 in January, against consensus expectations of 53.6. “Despite the weak movement, the USD/CAD managed to hold ... (full story)