The Canadian Dollar rallied even more for the second day against the USD after Canadian overnight interest rates rose to 0.75% last week, making Canada the first G-7 country to raise its rates in June. Policy makers stated they expect Canada's economic activity to return to full capacity by the end of next year. The pair is close to important support levels around 1.03 price levels. Overall, USD/CAD traded with a low of 1.0301 and with a high of 1.0382. No economic data is expected for today.

USD/CAD - Last: 1.0321

Resistance

1.0350

1.0447

1.0502

Support

1.0300

 
 

width=480