Canadian dollar (CAD)

Canada's dollar declined against its U.S. counterpart for a second day, touching just below parity, as commodities fell and the country's inflation rate accelerated less than forecast in December. The Core CPI (MoM) came out at -0.30%, worse than the expected -0.10%. Breaching the resistance level of 1.0020 might further extend a decline in the pair. Overall, USD/CAD traded with a low of 0.9911 and with a high of 1.0004. Today, no major economic data is expected.

USD/CAD - Last: 0.9970

Resistance

1.0000

1.0020

Support

0.9910

0.9890

0.9840

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