Through the course of Thursday trade session US dollar shorted its gains versus the Canadian dollar due to renewed speculation, that weak US data could urge Federal Reserve Bank not to reduce the scale of the stimulus program this year. USD/CAD cross dropped from 1.0208, highest session value, to 1.0180, but still preserving a daily gain.
The cross was to be supported at 1.0151, while the resistance levels were set at 1.0218, highest value from Wednesday.
It was reported earlier during US session, that Initial Jobless Claims upped to 360 000 during last week, mismatching forecasts of a slight increase to 330 000.
Additionally, consumer price inflation in US slowed down by 0.4% during April, while estimates were set at -0.3%.
US Building Permits rose to 1.020 million units during April, surpassing the expected 0.941 million units.
As a counterpoint to the latter, US Housing Starts decreased by over 16% to 0.853 million units in April in comparison with the expected over 6% decline to 0.970 million units.
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