USD/CAD has managed to get below the support at 1.3330 and is trying to settle below 1.3300.
The Canadian dollar strengthened against its U.S. counterpart on Tuesday, buoyed by rising investor sentiment and data showing an unexpected jump in housing starts, but the loonie gave back some of its gains as shares on Wall Street ended lower. The loonie got a lift from "the general risk optimism in the market place," said Amo Sahota, director at Klarity FX in San Francisco. The S&P 500 <.SPX> approached a record high before reversing course late in the session as comments by U.S. Senate Republican leader Mitch McConnell suggested a stalemate in talks over a fiscal stimulus deal.
Economic data puts the EUR and the Dollar in focus as riskier assets find further support. Economic data and Trump’s executive orders remain risk positive.