• Canadian Dollar went in both directions on Thursday’s mixed US data.
• Canada is absent from economic calendar until Friday’s GDP update.
• US PCE Price Index inflation also looms ahead on Friday.

The Canadian Dollar (CAD) gave a mixed performance on Thursday after a data-light economic calendar on the Canadian side left the CAD to twist amid a mixed print in key US figures. Markets are gearing up for Friday’s US Personal Consumption Expenditure Price Index (PCE) inflation release after Thursday’s burgeoning US release schedule ran the gamut.

Canada is absent from the economic calendar on Thursday, leaving CAD traders to shuffle in place until Friday’s Canadian Gross Domestic Product (GDP) update for April.

However, Friday’s US PCE Price Index inflation is set to eclipse Canadian GDP figures entirely. As a key reading of inflation for the Federal Reserve (Fed), significant market attention will be focused squarely on US price growth figures to cap off the trading week.