5 Mar 2015
USD/CAD climbs to highs near 1.2470
FXStreet (Edinburgh) - The US dollar keeps appreciating vs. its Canadian counterpart on Thursday, now sending USD/CAD to session highs in the boundaries of 1.2470.
USD/CAD focus on Ivey PMI, US data
The pair gained further traction despite Initial Claims came in higher in the week ended n February 20th; other releases in the US economy showed Unit Labour Costs expanding 4.1% during Q4 and Non-farm Productivity contracted less than expected 2.2% during the same period.
Ahead in the session, Canadian Ivey PMI and US Factory Orders are due, with consensus at 50.0 and 0.2%, respectively.
USD/CAD relevant levels
At the moment the pair is up 0.37% at 1.2461 with the next hurdle at 1.2500 (psychological level) followed by 1.2543 (high Mar.3) and then 1.2549 (high Mar.4). On the downside, a breach of 1.2407 (low Mar.4) would open the door to 1.2388 (low Feb.26) and finally 1.2360 (low Feb.17).
USD/CAD focus on Ivey PMI, US data
The pair gained further traction despite Initial Claims came in higher in the week ended n February 20th; other releases in the US economy showed Unit Labour Costs expanding 4.1% during Q4 and Non-farm Productivity contracted less than expected 2.2% during the same period.
Ahead in the session, Canadian Ivey PMI and US Factory Orders are due, with consensus at 50.0 and 0.2%, respectively.
USD/CAD relevant levels
At the moment the pair is up 0.37% at 1.2461 with the next hurdle at 1.2500 (psychological level) followed by 1.2543 (high Mar.3) and then 1.2549 (high Mar.4). On the downside, a breach of 1.2407 (low Mar.4) would open the door to 1.2388 (low Feb.26) and finally 1.2360 (low Feb.17).