Investing.com - The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on GDP.
USD/CAD was trading at 0.9911, down 1.30% at time of writing.
The pair was likely to find support at 0.9897, today’s low, and resistance at 1.0212, Tuesday’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 2.5% in the last quarter from 1.3% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.4% in the last quarter.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 2.16% to hit 1.4206 and GBP/USD rising 0.86% to hit 1.6113.
USD/CAD was trading at 0.9911, down 1.30% at time of writing.
The pair was likely to find support at 0.9897, today’s low, and resistance at 1.0212, Tuesday’s high.
Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 2.5% in the last quarter from 1.3% in the preceding quarter.
Analysts had expected U.S. gross domestic product to rise 2.4% in the last quarter.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 2.16% to hit 1.4206 and GBP/USD rising 0.86% to hit 1.6113.