FXstreet.com (Barcelona) - The Dollar is recovering ground against the Canadian after falling to 1.0710 during the European session. In the early American time, USD/CAD has risen 80 pips to trade at 1.0795, close to MA200 in the hourly chart at 1.0800. Currently the pair is trading around 1.0785/95, 0.50% below today's opening price action at 1.0847, pair is trading fueled by the worst than expected Chicago PMI data.

Chicago Purchasing Manager's index has fallen to 46.1 pts in September from 50.0 in August. A unexpectedly data, Markets expectations were an increased to 52.1 pts.

The UFXBank research desk comments: The Canadian Dollar remained unchanged versus the Dollar as stocks declined and Crude remained almost unchanged below 67$ a barrel. Overall, USD/CAD traded with a low of 1.0792 and with a high of 1.0924. Today, The Canadian GDP will be released expected better with 0.4% versus 0.1% prior. RMPI is expected stronger with 2.9% versus -3.8% prior and U.S Crude Inventories are important for the Canadian currency as well as its Canada's primary export.

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