Investing.com - The U.S. dollar rose to fresh two-and-a-half month highs against its Canadian counterpart on Monday, as demand for the safe-haven greenback strengthened broadly after Greek voters rejected conditions of a rescue package from creditors on Sunday.
USD/CAD hit 1.2652 during early U.S. trade, the pair's highest since April 13; the pair subsequently consolidated at 1.2650, gaining 0.62%.
The pair was likely to find support at 1.2540, Friday's low and resistance at 1.2668, the high of April 10.
the result of the Greek referendum added to doubts over the country's future in the euro zone and deepened a standoff with its lenders.
European officials have indicated that they will only continue to finance Greece in return for far-reaching economic reforms.
Greek Prime Minister Alexis Tsipras welcomed the outcome of the vote and said Athens was returning to negotiations with the express goal of reopening banks, which have been shut for over a week after capital controls were imposed.
Without more emergency funding from the European Central Bank, Greece's banks could run out of cash within days.
Euro zone leaders were expected to hold a conference on Tuesday night to discuss the aftermath of the Greek referendum.
The loonie was higher against the euro, with EUR/CAD edging down 0.14% to 1.3955.
Earlier Monday, official data showed that German factory orders fell 0.2% in May, compared to expectations for a 0.4% decline. Factory orders increased by 2.2% in April, whose figure was revised from a previously estimated 1.4% gain.