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

Resistance1.06151.06451.0690
Support1.05351.05051.0450

width=450