Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core CPI.
USD/CAD was trading at 0.9806, up 1.33% at time of writing.
The pair was likely to find support at 0.9672, today’s low, and resistance at 0.9830, today’s high.
Earlier in the day, official data showed that core consumer price inflation in the U.S. rose more-than-expected to a seasonally adjusted 0.3% last month from 0.2% in the preceding month.
Analysts had expected U.S. core CPI to rise 0.2% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.93% to hit 1.4163 and GBP/USD falling 1.22% to hit 1.6172.
USD/CAD was trading at 0.9806, up 1.33% at time of writing.
The pair was likely to find support at 0.9672, today’s low, and resistance at 0.9830, today’s high.
Earlier in the day, official data showed that core consumer price inflation in the U.S. rose more-than-expected to a seasonally adjusted 0.3% last month from 0.2% in the preceding month.
Analysts had expected U.S. core CPI to rise 0.2% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.93% to hit 1.4163 and GBP/USD falling 1.22% to hit 1.6172.