Investing.com - The U.S. dollar held steady against its Canadian counterpart on Tuesday, after the release of relatively disappointing U.S. economic reports as investors awaited the Federal Reserve's upcoming policy statement on Thursday.
USD/CAD hit 1.3227 during early U.S. trade, the session low; the pair subsequently consolidated at 1.3253.
The pair was likely to find support at 1.3150, the low of September 9 and resistance at 1.3312, the high of September 8.
Data on Tuesday showed that U.S. retail sales rose 0.2% in August, compared to expectations for an increase of 0.3%, Retail sales gained 0.7% in July, whose figure was revised from a previously estimated 0.6% uptick.
Core retail sales, which exclude automobiles, added 0.1% last month, confounding expectations for a 0.2% rise. Core retail sales increased by 0.6% in July, whose figure was revised from a previously estimated 0.4% gain.
Separately, the Federal Reserve Bank of New York said its Empire State manufacturing index improved to minus 14.67 this month from minus 14.92 in August, compared to expectations for a reading of minus 0.75.
Data also showed that U.S. industrial production fell 0.4% in August, compared to expectations for a 0.2% downtick. Industrial production increased by 0.9% in July, whose figure wad revised from a previously estimated 0.6% gain.
Sentiment on the greenback remained vulnerable amid concerns that mixed U.S. economic reports and recent volatility in global financial markets will prompt the U.S. central bank to refrain from hiking interest rates on Thursday.
The loonie was higher against the euro, with EUR/CAD shedding 0.25% to 1.4982.
In the euro zone, data earlier showed that the ZEW economic sentiment index for Germany fell to 12.1 in September from 25.0 the previous month. Analysts had expected the index to hit 18.4 this month.