Forexpros - The U.S. dollar extended losses against its Canadian counterpart on Wednesday, falling to a fresh daily low after a report showed that ADP non-farm payrolls rose more than expected in July.
USD/CAD hit 0.9568 during early U.S. trade, the daily low; the pair subsequently consolidated at 0.9582 shedding 0.32%.
The pair was likely to find support at 0.9490, Monday's low and resistance at 0.9666, the high of July 13.
Payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 114,000 in July, above expectations for an increase of 100,000.
The previous month's figure was revised down to a gain of 145,000 from a previously reported 157,000.
The report said employment in the service-providing sector rose by 121,000 in July, marking 19 consecutive months of employment gains.
Meanwhile, the Canadian dollar was down against the euro, with EUR/CAD rising 0.42% to hit 1.3709.
Later in the day, the U.S. Institute of Supply Management was to publish data on service sector growth.