Forex pros-the u.s. dollar fell to the lowest level at the Canadian dollar Thursday after official data showed that initial claims for unemployment declined significantly more than expected last week.
The dollar stood at/during us trading 0.9764 Canadian early, the lowest price for the pair since Tuesday, after the pair settled at 0.9771, down from 0.46%.
The husband probably will find near-term support at 0.9734, the lowest price since Oct. 5 and resistance at 0.9833, the highest price for the week ...
US Department of labor said the number of individuals who have applied for initial unemployment benefits last week dropped by a seasonally adjusted 30,000 to 339, 000 compared with expectations for an increase of 1, 000 to 370, 000.
Modified the previous week's figure of up to 369, 000 from 367, 000 previously.
Also strengthened sentiment on the euro amid optimism that lower ratings on Spain by standard and poor's rating agency would force the country to request rescue official.
The standard and poor's rating agency step consistent with Moody 's, lowered the rating on Spain in June.
Rating Agency warned that the ability of Spanish political institutions to deal with the challenges posed by declining ...
In Canada, official data showed that the trade deficit narrowed to 1.3 billion Canadian dollars in August, compared with expectations for a deficit of 2.0 billion Canadian dollars.
The Australian dollar remained supported after data showed the country's economy added 14,500 jobs in October, defying expectations of an increase of $ 3, 800.
Market sentiment has recovered generally hopes that lowering the ratings on Spain by s & p would force Madrid to request bailout plan, which he hopes investors can solve the debt crisis in the euro zone.
Reduced s & p rated to Spain from BBB plus (+) to BBB minus (-) with negative expectations Wednesday evening, citing "increased risks about funding the Spanish General.
Rating Agency warned that the ability of Spanish political institutions to deal with the challenges and the current crisis, financial and economic decline.
The Canadian dollar remained almost unchanged against the euro, with the Euro/Canadian of 0.02% to 1.2642.
Later in the session, the United States will publish official data on inventories of crude oil.
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