Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Core CPI.
USD/CAD was trading at 0.9867, up 0.22% at time of writing.
The pair was likely to find support at 0.9816, Thursday’s low, and resistance at 0.9904, Tuesday’s high.
Earlier in the day, official data showed that Canadian core consumer price inflation remained unchanged unexpectedly at a seasonally adjusted 0.00% last month from -0.30% in the preceding month.
Analysts had expected Canadian core CPI to rise 0.20% last month.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.56% to hit 1.3685 and GBP/USD rising 0.44% to hit 1.6244.
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