30 May 2013
USD/CAD dips below 1.0300
FXstreet.com (Córdoba) - The USD/CAD slumped to fresh weekly lows sub-1.0300 during the NY session weighed by the latest string of US and Canadian data.
The pair lost around 90 pips from daily highs and briefly dipped below the 1.0300 level to hit a low of 1.0295 before bouncing slightly. At time of writing, USD/CAD is trading at the 1.0310 zone, where it records a 0.4% decline on the day.
USD/CAD is extending losses into a second day after being rejected from the 1.0420 area, where it hit a 1-year high on Wednesday.
The pair lost around 90 pips from daily highs and briefly dipped below the 1.0300 level to hit a low of 1.0295 before bouncing slightly. At time of writing, USD/CAD is trading at the 1.0310 zone, where it records a 0.4% decline on the day.
USD/CAD is extending losses into a second day after being rejected from the 1.0420 area, where it hit a 1-year high on Wednesday.