Forex: USD/CAD posts fresh intra-day low at 1.0688

05 October 2009 @ 05:27 pm EDT

FXstreet.com (Córdoba) - The Canadian Dollar jumped against the Dollar and during the American session is extending gains. USD/CAD fell from 1.0745 to 1.0688, posting a fresh intra-day low. Currently the pair is being traded around 1.0700 which is 0.98% below today's opening price.

The pair is falling for second day in a row accumulating a decrease of more than 120 pips.

The rise in crude oil prices helped the Canadian Dollar. The barrel rose above $70 a barrel favored by Dollar weakness.

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