Forex pros-the dollar rose to its highest level against the Canadian dollar Tuesday, after the GDP figures for may were slightly lower than market expectations.
Canadian dollar/reached during trading 1.0043 early American, the highest price for the session and the coherence of the husband later when 1.0034, high rate of 0.21%.
The pair was likely to find support at 1.0001, lowest price for session and for two months and resistance at the highest price of 1.0072 session may 15.
Statistics Canada reported that GDP expanded by 0.1% in may, slightly less than expectations of growth of 0.2%, after increasing the unmodified by 0.3% in April.
The report said the decline in output in the manufacturing and mining sectors and gas contributed to poor reading, while retail sales rebounded in May.
In the United States, official data showed that consumption expenditure index was stable in June, while personal income rose by 0.5%, slightly better than expectations to increase 0.4%.
Market sentiment found support after the Central Bank Chief Mario j.d. Dargie. Last week to do whatever is necessary to keep the single currency.
FSN statements derradji expectations that the ECB may activate the bond buying programme to help reduce borrowing costs Spanish and Italian.
Investors remained cautious, amid concerns that the Bank may disappoint the market expectations.
Watching for market participants also results of the Federal Reserve Board policy on Wednesday, amid speculation over whether the US Central Bank will hint to perform other relief measures.
And Canadian dollar against the euro, with the Euro/Canadian dollar dropped by 0.39% to score 1.2328.
Later in the day, the United States will deploy industry data on inflation in house prices, and a report on consumer confidence as well as data on manufacturing activity in the Chicago area.
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