Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on Housing Starts.
USD/CAD was trading at 0.9926, up 0.18% at time of writing.
The pair was likely to find support at 0.9780, Friday’s low, and resistance at 0.9950, Thursday’s high.
Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.57M last month, from 0.60M in the preceding month.
Analysts had expected the number of housing starts to fall to 0.59M last month.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.07% to hit 1.3677 and GBP/USD rising 0.13% to hit 1.5727.
USD/CAD was trading at 0.9926, up 0.18% at time of writing.
The pair was likely to find support at 0.9780, Friday’s low, and resistance at 0.9950, Thursday’s high.
Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.57M last month, from 0.60M in the preceding month.
Analysts had expected the number of housing starts to fall to 0.59M last month.
Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.07% to hit 1.3677 and GBP/USD rising 0.13% to hit 1.5727.