Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
USD/CAD was trading at 0.9974, up 0.16% at time of writing.
The pair was likely to find support at 0.9838, Tuesday’s low, and resistance at 1.0031, today’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was revised down from 445.00K.
Analysts had expected Initial Jobless Claims to fall to 425.00K last week.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.001% to hit 1.3473 and GBP/USD falling 0.55% to hit 1.5911.
USD/CAD was trading at 0.9974, up 0.16% at time of writing.
The pair was likely to find support at 0.9838, Tuesday’s low, and resistance at 1.0031, today’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was revised down from 445.00K.
Analysts had expected Initial Jobless Claims to fall to 425.00K last week.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.001% to hit 1.3473 and GBP/USD falling 0.55% to hit 1.5911.