Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
USD/CAD was trading at 0.9894, up 0.64% at time of writing.
The pair was likely to find support at 0.9830, today’s low, and resistance at 0.9965, Tuesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from 409K.
Analysts had expected Initial Jobless Claims to fall to 405K last week.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.52% to hit 1.3883 and GBP/USD falling 0.16% to hit 1.5965.
USD/CAD was trading at 0.9894, up 0.64% at time of writing.
The pair was likely to find support at 0.9830, today’s low, and resistance at 0.9965, Tuesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from 409K.
Analysts had expected Initial Jobless Claims to fall to 405K last week.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.52% to hit 1.3883 and GBP/USD falling 0.16% to hit 1.5965.