The Canadian dollar rose after the Bank of Canada left the interest rate unchanged at 0.5%. After the decision the pair USD / CAD has lost around 30 pips, reaching session lows

Market news

7 December 2016

The Canadian dollar rose after the Bank of Canada left the interest rate unchanged at 0.5%. After the decision the pair USD / CAD has lost around 30 pips, reaching session lows

Now the pair is trading at 1.3260. The nearest resistance is located at the 1.3354 (5 December high). Strong support is at 1.3234 (December 5 low).

U.S.: Crude Oil Inventories, December -2.389 (forecast -1.5)

NIESR estimates UK GDP at +0.4%

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