Canadian dollar (CAD)
Canada's dollar fell from a three year high against the greenback after the Bank of Canada reiterated that a strong currency poses challenges to the nation's exporters and thus, the BoC held its target lending rate at 1 percent. The interest rate came out at 1%, which is unchanged from before. Holding below the support level of 0.9770 might extend the decline in the pair. Overall, USD/CAD traded with a low of 0.9682 and with a high of 0.9754. Today, the Interest Rate Decision is expected unchanged at 1%. No major economic data is expected today.
USD/CAD - Last: 0.9755