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 1.0041, down 1.27% at time of writing.
The pair was likely to find support at 1.0029, today’s low, and resistance at 1.0287, Tuesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was revised up from 407.00K.
Analysts had expected Initial Jobless Claims to rise to 423.00K last week.
Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.56% to hit 1.3213 and GBP/USD falling 0.19% to hit 1.5591.
USD/CAD was trading at 1.0041, down 1.27% at time of writing.
The pair was likely to find support at 1.0029, today’s low, and resistance at 1.0287, Tuesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was revised up from 407.00K.
Analysts had expected Initial Jobless Claims to rise to 423.00K last week.
Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.56% to hit 1.3213 and GBP/USD falling 0.19% to hit 1.5591.