Published at 12:45 (GMT) 03 Jul
CAD is riding the broad based euphoria that was generated by the eurozone summit communiqué. The euphoria is allowing equities to climb, slowly and CAD is doing the same. Domestically, with the US "4th of July" holiday, there is due to be little interest in trading and limited liquidity even if there was interest. While waiting for the return of liquidity and maybe some real direction, the next level of USD/CAD support is down at 1.0119 and then 1.0050 while support for EUR/CAD is down at 1.2740. M.B.