Forex News - The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
USD/CAD was trading at 1.0496, down 0.05% at time of writing.
The pair was likely to find support at 1.0205, Wednesday’s low, and resistance at 1.0529, today’s high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM manufacturing PMI to fall to 50.5 last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.22% to hit 1.3225 and GBP/USD falling 0.68% to hit 1.5478
Monday, October 3, 2011
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