Investing.com - The U.S. dollar was almost unchanged against its Canadian counterpart on Tuesday, hovering at six-year highs, as expectations for an upcoming U.S. rate hike continued to support demand for the greenback.
Trading volumes were expected to remain light with no major U.S. data to be released throughout the day.
USD/CAD hit 1.3025 during early U.S. trade, the session high; the pair subsequently consolidated at 1.2989.
The pair was likely to find support at 1.2900, the low of July 16 and resistance at 1.3027, Monday's high and a six-year high.
The greenback remained broadly supported after Federal Reserve Chair Janet Yellen said last week that the Fed is likely to raise rates "at some point this year."
Meanwhile, the Canadian dollar remained under pressure after data on Monday showed that Canada's wholesale sales declined by 1.0% in May, compared to expectations for a 0.1% uptick.
The loonie was also lower against the euro, with EUR/CAD gaining 0.46% to 1.4132.
The single currency found mild support after Greek banks reopened on Monday following a forced 3-week closure, while restrictions on cash withdrawals remained in place.
Also Monday, Greece repaid the totality of its arrears of about €2.0 billion to the International Monetary Fund. "Greece is no longer in arrears to the IMF," the Fund's spokesman Gerry Rice announced on Monday.
Athens had fallen into arrears with the IMF on June 30 after the country missed a €1.6 billion payment.
"The Fund stands ready to continue assisting Greece in its efforts to return to financial stability and growth," Rice added.
The Greek Parliament was scheduled to vote on further austerity measures on Wednesday.