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 0.9840, down 0.55% at time of writing.
The pair was likely to find support at 0.9836, today’s low, and resistance at 1.0027, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from 414K.
Analysts had expected Initial Jobless Claims to fall to 410K last week.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.00% to hit 1.3892 and GBP/USD rising 0.25% to hit 1.5808.
USD/CAD was trading at 0.9840, down 0.55% at time of writing.
The pair was likely to find support at 0.9836, today’s low, and resistance at 1.0027, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from 414K.
Analysts had expected Initial Jobless Claims to fall to 410K last week.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.00% to hit 1.3892 and GBP/USD rising 0.25% to hit 1.5808.