USD/CAD rides high again
USD/CAD is up 52 pips to a session high as the US dollar closes out the month on a strong note.
It had been butting up against resistance at 1.3150 for most of the day but finally broke through and quickly ran to 1.3165.
The strength in the US dollar is overwhelming today, despite a strong Canadian GDP report earlier. There’s rampant talk of USD demand into month end.