Canadian dollar (CAD) - Dec 1 2009

 @ibtimes on December 01 2009 5:05 AM

The Canadian Dollar strengthened versus the Dollar after UAE pledged to stand behind Dubai's banks lifting risk appetite and demand for higher yielding assets. GDP came out 0.4% as expected for the first quarterly gain in a year. RMPI came out weaker with 2.5% versus 3.1% forecast. Overall, USD/CAD traded with a low of 1.0533 and a high of 1.0613. No economic data expected today.

CAD/USD - Last: 1.0555

Resistance
1.0615
1.0645
1.0690

Support
1.0535
1.0505
1.0450

width=450

Join the Discussion