U.S. Dollar Index rallied as traders reacted to the better-than-expected GDP Growth Rate report. The report indicated that second-quarter GDP Growth Rate was +3.8%, compared to analyst forecast of +3.3%.
USD/CAD gains ground as demand for commodity-related currencies declined despite the rally in precious metals markets.
If USD/CAD settles above the nearest resistance at 1.3910 – 1.3925, it will move towards the next resistance level at 1.4000 – 1.4015.
