Investing.com - The U.S. dollar edged lower against its Canadian counterpart on Thursday, pulling away from the previous session's two-and-a-half week peak despite the release of upbeat U.S. economic reports.
USD/CAD pulled away from 1.2400, the session high, to hit 1.2364 during early U.S. trade, down 0.17%.
The pair was likely to find support at 1.2273, Wednesday's low and resistance at 1.2443, the high of June 9.
The Commerce Department said that personal spending rose by 0.9% in May, above expectations for a gain of 0.7%. Personal spending rose 0.1% in April, whose figure was revised up from a previously reported flat reading.
The report also showed personal income rose by 0.5% in May, in line with forecasts and after rising 0.5% in April.
Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 20 increased by 3,000 to 271,000 from the previous week’s total of 268,000. Analysts had expected initial jobless claims to rise by 4,000 to 272,000 last week.
The loonie was fractionally higher against the euro, with EUR/CAD slipping 0.16% to 1.3856.
Late night talks between Greek Prime Minister Alexis Tsipras, the European Commission, the European Central Bank and the International Monetary Fund ended without agreement on Wednesday.
Discussions were expected to resume in Brussels on Thursday morning, ahead of a Eurogroup meeting of euro zone finance ministers scheduled later in the day.
Tsipras had told associates on Wednesday that some of Greece's latest proposed reform measures had not been accepted by creditors.
Greece has to repay €1.6 billion to the IMF on June 30 or face going into default, which could trigger the country’s exit from the euro area.