The Canadian Dollar weakened slightly versus the Dollar after weaker CPI results. Core CPI came out at 0.3% better than 0.2% expected but CPI was weaker with 0% versus 0.1% forecast. Overall, USD/CAD traded with a low of 1.0288 and with a high of 1.0435. Today, Foreign Securities Purchases will be released and expected better with 1.23B versus 0.35B prior.

CAD/USD - Last: 1.0390

Resistance

1.0450

1.0505

1.0550

Support

1.0285

1.0205

1.0180

width=480