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BZ: USD/CAD down on economic data
 
Forex Pros - The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Trade Balance.



USD/CAD was trading at 0.9937, down 0.15% at time of writing.



The pair was likely to find support at 0.9858, Monday's low, and resistance at 0.9988, Thursday's high.


Earlier in the day, official data showed that Canada's trade balance rose unexpectedly to a seasonally adjusted 3.00B last month from -0.10B in the preceding month.

Analysts had expected Canadian trade balance to fall -0.40B last month.


Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.54% to hit 1.3527 and GBP/USD falling 0.60% to hit 1.6002.











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