Investing.com - The U.S. dollar was almost unchanged against its Canadian counterpart on Friday, as markets were jittery ahead of the release of U.S. consumer sentiment data later in the day, after Thursday's reports painted a mixed picture of the strength of the economic recovery.
USD/CAD hit 1.0262 during early U.S. trade, the session low; the pair subsequently consolidated at 1.0275, easing 0.04%.
The pair was likely to find support at 1.0174, the low of June 19 and resistance at 1.0350, the high of July 23.
Markets were jittery after the release of mixed U.S. data on initial jobless claims and durable goods orders on Thursday fuelled uncertainty over whether the Fed will start to scale back its bond buying program later this year.
The Labor Department said the number of individuals filing for initial jobless benefits last week increased by 7,000 to a seasonally adjusted 343,000, compared to expectations for an increase of 6,000 to 340,000.
The Commerce Department said orders for long lasting manufactured goods rose by a seasonally adjusted 4.2% in June, compared to expectations for an increase of 1.3%.
Durable goods for May were revised to a 5.2% gain from a previously reported 3.7% increase.
The loonie was higher against the euro with EUR/CAD slipping 0.09%, to hit 1.3639.
Later in the day, the U.S. was to produce revised data on consumer sentiment from the University of Michigan.
USD/CAD hit 1.0262 during early U.S. trade, the session low; the pair subsequently consolidated at 1.0275, easing 0.04%.
The pair was likely to find support at 1.0174, the low of June 19 and resistance at 1.0350, the high of July 23.
Markets were jittery after the release of mixed U.S. data on initial jobless claims and durable goods orders on Thursday fuelled uncertainty over whether the Fed will start to scale back its bond buying program later this year.
The Labor Department said the number of individuals filing for initial jobless benefits last week increased by 7,000 to a seasonally adjusted 343,000, compared to expectations for an increase of 6,000 to 340,000.
The Commerce Department said orders for long lasting manufactured goods rose by a seasonally adjusted 4.2% in June, compared to expectations for an increase of 1.3%.
Durable goods for May were revised to a 5.2% gain from a previously reported 3.7% increase.
The loonie was higher against the euro with EUR/CAD slipping 0.09%, to hit 1.3639.
Later in the day, the U.S. was to produce revised data on consumer sentiment from the University of Michigan.