Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
USD/CAD was trading at 0.9732, down 0.63% at time of writing.
The pair was likely to find support at 0.9730, today’s low, and resistance at 0.9821, Wednesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 427K last week from 426K in the preceding week whose figure was revised up from 422K.
Analysts had expected Initial Jobless Claims to rise to 423K last week.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.45% to hit 1.4518 and GBP/USD falling 0.20% to hit 1.6370.
USD/CAD was trading at 0.9732, down 0.63% at time of writing.
The pair was likely to find support at 0.9730, today’s low, and resistance at 0.9821, Wednesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 427K last week from 426K in the preceding week whose figure was revised up from 422K.
Analysts had expected Initial Jobless Claims to rise to 423K last week.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.45% to hit 1.4518 and GBP/USD falling 0.20% to hit 1.6370.