USD/CAD drops further, breaks below 1.0650

FXStreet (Córdoba) - The USD/CAD printed a fresh 5-month low at 1.0634 and remains below 1.0650, with bearish momentum. After moving sideways during the Asian session and most of the European, fell to 1.0650 and after the Wall Street opening bell broke below and accelerated to the downside.

Currently trades at 1.0639, down 0.29% for the day, headed toward the lowest daily close since January 6, 2014.

The US dollar is falling across the board on Tuesday, particularly against commodity currencies. Greenback reached fresh lows recently during the American session as stocks in Wall Street post important gains.