The Canadian Dollar dropped versus the American Dollar as stock markets declined and higher yielding assets' demand lowered on slower economic recovery. Overall, USD/CAD traded with a low of 1.0381 and a high of 1.0579. USD/CAD has crossed above daily moving averages 50 and 100 and is heading upwards toward the next resistance at 1.06. No major economic data expected today.
USD/CAD - Last: 1.0550
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