Canadian Dollar caught a bid on Thursday, but gains remain limited against USD.
Canada sees better-than-expected recovery in unemployment claims.
US Initial Jobless Claims fell, but less than expected; US PMIs loom ahead on Friday.
The Canadian Dollar (CAD) found some room on the high side on Thursday, adding to the week’s thin gains. The CAD is struggling to outperform the US Dollar (USD), which is climbing as US markets return to the fold following a midweek holiday that kept US exchanges dark and Greenback trading thin.
Canada reported a comparatively steep cut in the number of Canadians taking unemployment benefits. US Initial Jobless Claims also eased but less than expected, driving the four-week average higher. Canadian Retail Sales and US Purchasing Managers Index (PMI) figures are slated for Friday to wrap up the trading week.
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