FXstreet.com (Barcelona) - After capping its recovery attempt from 1.0770 at 1.0835, USD/CAD has slid to trade below 1.0800 level, close to 1.0790. Currently the pair is fighting to hold 1.0800 level, trading around 1.0795/1.0805, 0.40% below today's opening price action at 1.0840.
The Union Bank of California Team affirms: The Canadian dollar fell against the dollar with the fall in commodity prices and an unexpected decline in the nation's economy. A government report showed that the gross domestic product contracted 0.1% in August, lower than expectations of a 0.1% increase.
Gold has risen back to trade close to $1,056/oz after climbing from intra-day low at $1,042/oz. WTI Oil Barrel has found support at 76.80 level in the Asian session and It has begun to rise in the European time to trade above the $78.00/barrel.