U.S. dollar / Canadian dollar unchanged in thin trading because of the Labor Day holiday

U.S. dollar remained unchanged against the Canadian dollar in thin trade on Monday as markets remain closed for the Labor Day holiday.

USD / CAD hit 0.9852 during European afternoon, the lowest price of the session the pair subsequently consolidated at 0.9863, gaining 0.03%.

The pair was likely to find support at 0.9841, the lowest price since Aug. 21 and for three and a half months and resistance at 0.9873, the highest price for the session.

The dollar remained under pressure after Bernanke said that the bank will act as needed to promote the recovery of the U.S. economy, but did not announce whether there will be a new round of quantitative stimulus Hafeez imminent.

Speaking at the annual symposium in Jackson Hole, Wyoming, said Fed Is Bernanke said the persistently high unemployment rate is a serious concern, "and added that Bank's Tisiralnkadi program was effective" in supporting the economic recovery.

Market awaits U.S. government data on non-farm payrolls on Friday, to see if the labor market has improved.

Continued demand for the euro, supported by expectations that the European Central Bank will Baagraouat monetary stimulus to help stabilize the markets in the euro zone before its next meeting on Thursday.


Canadian dollar remained unchanged against the euro, with EUR / CAD shedding 0.04% to hit 1.2396.

Remain quiet trade on Monday, with no major economic data released in the calendar, while remaining markets in the United States closed for the Labor Day holiday.