USD/CAD posts biggest daily gain since June

FXstreet.com (Córdoba) - The USD/CAD soared on Tuesday, rising more than a hundred pips an consolidated for the first time in years significantly above 1.0700. During the American session reached the highest price in three and a half year at 1.0780. In the last hour of New York trading pulled back to finished the day at 1.0764, the lowest daily close since November 2009.

Currently the pair is trading at 1.0760, 110 pips above the level it had 24 hours ago. On Tuesday the pair managed to post the biggest daily gain (in pips) since last June.

The Loonie was among the worst performers across the board on Tuesday hit by weak economic data and comments made by Stephen Poloz, Governor of the Bank of Canada.