CANADA FX-C$ weakens to 3-1/2-month, breaks resistance level

by on November 16, 2012 4:31 pm BST

Fri Nov 16, 2012 11:31am EST

Nov 16 (Reuters) – The Canadian dollar weakened to
a 3-1/2-month low against the U.S. dollar on Friday, breaking a
significant USD/CAD technical resistance level, as negative
global economic sentiment continued to drag on riskier assets.

The Canadian dollar softened to C$1.0048 versus the
U.S. dollar, or 99.52 U.S cents, weaker than its North American
close on Thursday of C$1.0013, or 99.87 U.S. cents.