TD Securities: a one-week increase in the dollar / Canada is null and void

A pair of U.S. / Canada today is reduced to a general weakening U.S. dollar, while going back intraday minima. Support of the Canadian currency also have oil prices that have returned to the area of $ 70 per barrel. The pair dollar / Canada is likely to maintain a close relationship with commodity prices. In the absence of any meaningful data for Canada on Friday on the dynamics of couples affects a change in sentiment against the U.S. currency. According to analysts TD Securities, a one-week increase in the dollar / Canada began to lose force, after the couple was not able to secure a breakthrough level of 1.1650, and the currency is the U.S. again looks vulnerable. Now a pair of dollar / Canada is traded at 1.1520.