Investing.com - The U.S. dollar was steady against its Canadian counterpart on Thursday, hovering near the previous session's 11-year high after data showed that U.S. jobless claims rose less than expected last week.
USD/CAD hit 1.3198 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3169.
The pair was likely to find support at 1.3107, Wednesday's low and 1.3214, Wednesday's high and an 11-year high.
The U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 1 rose by 3,000 to 270,000 from the previous week’s total of 267,000. Analysts had expected initial jobless claims to rise by 6,000 to 273,000 last week.
Investors were now eyeing the upcoming U.S. nonfarm payrolls report due on Friday, which could reinforce expectations for higher interest rates by the Federal Reserve.
The loonie was higher against the euro, with EUR/CAD edging down 0.17% to 1.4347.