Canadian Dollar (CAD)


The Canadian Dollar weakened versus the Dollar as Crude prices lowered for the second day in a row, reducing appeal for commodity linked currencies such as the Canadian and Australian Dollar. Capacity Utilization rate came out better at 67.4% versus 66% expected and 69.3% prior. Overall, USD/CAD traded with a low of 1.0759 and with a high of 1.0926. Today, Labor Productivity is expected better at 0.4% versus 0.3%. The Deputy Governor of Bank of Canada, John Murray will speak about the Canada and the economic crisis and near term prospects. The speech text will be released 15 minutes before the speech.

USD/CAD - Last: 1.084 

Resistance

1.0895

1.093

1.0975

Support

1.079

1.075

1.0715

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