US Dollar-Canadian Dollar erases gains after it rallies beyond 1.362 for the first time in 7 weeks, trading at 1.3596

After hitting its highest point in 7 weeks at 1.362, USD/CAD dropped by 24 pips and is now trading at 1.3596.

In the meantime, negative performances are also seen in other pairs as USD/JPY is down to 136.12, losing 28 pips, after closing at 136.41 in the preceding trading session. EUR/JPY slides down 0.14% to trade around 143.71. GBP/JPY closed at 162.74 (down 0.16%).

Furthermore, Canada GDP is expected tomorrow at 13:30 UTC. Canada GDP Annualized (QoQ) (Q4) will be released tomorrow at 13:30 UTC. Canada Current Account (Q4) is scheduled for today at 13:30 UTC. Canada GDP is expected tomorrow at 13:30 UTC.

Having established significant support at 1.1321 approximately 3 months ago, US Dollar-Canadian Dollar's share price has bounced 20.2% higher.