More from FXstreet.com

Forex: USD/CAD hovers close to 6 month highs

By FXstreet.com,  June 01, 2012, 12:20:00 PM EDT

FXstreet.com (Barcelona) - The pair printed a new six-month high at 1.0442 today despite the data coming from the US about the state of the recovery. The greenback is now gaining 0.46% against the loonie. Construction spending and the ISM manufacturing index came short of expectations at 53.5 and 0.3%. Nonfarm payrolls came disappointingly low in May, with only 69K created instead of the 150K consensus forecast. The unemployment rate rose to 8.2% and the ISM prices paid index dropped to 47.5. On the other hand, Canadian GDP came in line with expectations, growing by 1.9% YoY.

The pair is currently trading at 1.0377, facing resistance at 1.0427 and 1.0487, according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 1.0269 and 1.0209.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Gay Hate Crimes In NYC
Gay Hate Crimes In NYC              
Dumpster Diver Seeks Cans, Gets Python
Dumpster Diver Seeks Cans, Gets Pyt...
Tsarnaev, 'Friend' Killed by FBI Linked to 2011 Murders
Tsarnaev, 'Friend' Killed by FBI Li...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.31 0.13  0.97%
PFE $ 29.30 0.52  1.81%
GE $ 23.86 0.20  0.85%
F $ 14.97 0.02  0.13%
MSFT $ 34.61 0.24  0.69%
QQQ $ 73.65 0.62  0.83%
MU $ 10.92 0.31  2.76%
INTC $ 24.07 0.08  0.33%