Forex Trading : Break the USD / CAD above 1.27 and rose to the top of 5 weeks at the beginning of the US session as the US dollar continues to benefit from speculation the Federal Reserve to raise interest rate in the middle of the year.
USD / CAD rose more than 100 points above the lows yesterday to reach the peak at 1.2717 in recent trading. At the time of writing is trading at 1.2705 recording a gain of 0.15% on Wednesday.
USD / CAD remains bullish bias on the central monetary policy between the Fed and the Bank of Canada with the Canadian dollar lost more than 9% so far in 2015 varied from his retreat in oil prices.
The event is a real danger to the main Canadian dollar this week is the jobs data for February, scheduled for publication on Friday, which is expected to decline in 5000 it is expected that the unemployment rate rising to 6.7% from 6.6%.