Thursday, August 6
Forex: USD/CAD falls further to post 7-week low at 1.0819
The Dollar's decline against the Canadian from July 8 high at 1.1724 has continued today's session for sixth day in row. Today, USD/CAD has fallen around 100 pips from 1.0912 to break 1.0840 support and post 1.0819 as fresh highest level since June 3. Currently the pair is trading around 1.0820/30, 0.65% below today's opening price. USD/CAD could fall further to test the strong support zone at 1.0785/95, lowest levels since early October 2008.For more information, read our latest forex news.
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