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19 Dec 2013
USD/CAD extends rally above 1.0700 to 3-year highs
FXstreet.com (Córdoba) - The USD/CAD continues to rally during the Asian session and recently reached 1.0722, the strongest levels since May, 2010. The Canadian Dollar is among the worst performers across the board so far on Thursday.
USD/CAD finally breaks 1.0700
Greenback rose constantly against the Loonie since yesterday's European session. After the FOMC decision to taper the USD/CAD made a big pullback from 1.0660 toward 1.0607 but rebounded and accelerated to the upside, surpassing 1.0670 (December 8 and 13 highs) and reached 1.0700.
At the beginning of the current Asian session finally broke above 1.0700 and rose to 1.0721. Currently trades at the highs, up 0.29% for the day, as the US dollar holds momentum in the currency market.
USD/CAD finally breaks 1.0700
Greenback rose constantly against the Loonie since yesterday's European session. After the FOMC decision to taper the USD/CAD made a big pullback from 1.0660 toward 1.0607 but rebounded and accelerated to the upside, surpassing 1.0670 (December 8 and 13 highs) and reached 1.0700.
At the beginning of the current Asian session finally broke above 1.0700 and rose to 1.0721. Currently trades at the highs, up 0.29% for the day, as the US dollar holds momentum in the currency market.