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The generally weaker greenback........>

DOLLAR-CANADA
DOLLAR-CANADA: The generally weaker greenback continues to flatter the Loonie,
but somewhat stronger Canadian industrial price data has also put some downward
pressure on USD/CAD.
Below, the C$1.25 handle marks the year's low and below there C$1.2471 marks the
23.6% retracement level of the May - September fall last year. Historically,
that level has proved to be influential support/resistance and could do so again
should the pair move lower still.
Worth noting Canada's jobs numbers are due alongside the US NFP tomorrow. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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