Double-whammy sends USD/CAD to one-month low

Author: Adam Button | Category: News

USD/CAD is at the lowest since early November after good US employment numbers and great Canadian jobs data.

The next support level is the Nov 6 low of 0.9873.

CAD is absolutely crushing it on the crosses. CAD/JPY is at the highest since March and EUR/CAD is confirming a massive rejection of 1.3000/50.

If a positive verdict on Nexen comes down today, it will add another leg of Canadian dollar strength.