The Canadian Dollar gained for a second day versus the Dollar as the European debt crisis continues driving investors to currencies with stable debt sheets. Housing Starts disappointed with 189K versus 203K expected. Overall, USD/CAD traded with a low of 1.0468 and a high of 1.0595. USD/CAD is still trading above moving averaged 50 and 100 and bullish positions are preferred if the pair remains above 1.03. No economic data expected today.
USD/CAD - Last: 1.0500