US Dollar-Canadian Dollar gains 20 pips to erase previous losses, trading higher at 1.3204 after 4 months low

USD/CAD dropped to 1.3183, hitting its lowest point in 4 months. It later recovered 20 pips and is now trading at 1.3204.

Other currencies are also rising as USD/SGD is up 0.24%. GBP/NZD is up 0.26%.

At the same time, EUR/JPY is down to 154.84, losing 37 pips, after closing at 155.22 in the preceding trading session.

Furthermore, the market is looking at Canada RMPI (MoM) (May) scheduled to come out today at 12:30 UTC. United States Building Permits (May) will be released tomorrow at 12:30 UTC.

After setting a supportive marker at 1.1321 around 7 months ago, US Dollar-Canadian Dollar is now trading 16.58% above this level.