Investing.com - The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of Canadian data on CPI.
USD/CAD was trading at 1.0024, up 0.99% at time of writing.
The pair was likely to find support at 0.9780, Friday’s low, and resistance at 1.0038, today’s high.
Earlier in the day, official data showed that Consumer price inflation in Canada rose more-than-expected to a seasonally adjusted 0.3% last month from 0.2% in the preceding month.
Analysts had expected Canadian consumer price inflation to rise 0.1% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.15% to hit 1.3682 and GBP/USD falling 0.96% to hit 1.5583.
USD/CAD was trading at 1.0024, up 0.99% at time of writing.
The pair was likely to find support at 0.9780, Friday’s low, and resistance at 1.0038, today’s high.
Earlier in the day, official data showed that Consumer price inflation in Canada rose more-than-expected to a seasonally adjusted 0.3% last month from 0.2% in the preceding month.
Analysts had expected Canadian consumer price inflation to rise 0.1% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.15% to hit 1.3682 and GBP/USD falling 0.96% to hit 1.5583.