Investing.com - Financial Markets Worldwide

NBC Daily Forex : July 15, 2013

ByThe National Bank of Canada
Published 07/16/2013, 02:25 AM
Updated 05/14/2017, 06:45 AM

We learned a few hours ago that Chinese economic growth over the past quarter was in line with economists' projections. The economy grew 7.5% in the second quarter, a slight dip from the 7.7% seen in Q1 2013. Despite the slower growth, it appears that stock markets are generally pleased that the economy is in keeping with expectations, with most indexes showing green figures this morning. Meanwhile the loonie has lost several basis points against the greenback this morning.

Some economic indicators are on the calendar today in North America. At 8:30 this morning, U.S. Retail Sales and the Empire State Manufacturing Index will be announced. Markets anticipate growth of 0.8% in sales in June, a sound improvement compared to the 0.6% seen the previous month. July's Empire State Manufacturing Index is expected to come in at 5.00, a decline from June's 7.84. On our side of the border, CREA Existing Home Sales for June will be announced at 9:00. Sales rose 3.6% the previous month, and we unfortunately do not have an estimate for the current month. Wishing you a great day. Xavier Villemaire

Range of the day: 1.0360 -1.0460
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