FXstreet.com (Barcelona) - The Dollar has found support at 1.0430 against the Canadian after falling around 40 pips in the European opening session with the pair bounding at this level to recover previous losses and test daily highs at 1.0470.

Currently the pair is trading around 1.0450/60, at the same today's opening price zone.

Dollar seems to be waiting for today release of the November ADP employment report in The United States. Market expects a better reading of -145k jobs in November than -203k posted in October. Despite number is clearly negative, a not too bad data will increase the optimism of the worse of the recession is over and the employment market has touched the bottom.

.