Forex - USD/CAD slips lower vs. loonie in early trade

© Reuters. Greenback edges down vs. loonie despite U.S. data

Investing.com - The U.S. dollar slipped lower against its Canadian counterpart on Thursday, as U.S. political tensions continued to weigh on the greenback and as investors remained cautious ahead of the upcoming Jackson Hole summit.

hit 1.2520 during early U.S. trade, the pair's lowest since Tuesday ; the pair subsequently consolidated at 1.2536, edging down 0.13%.

The pair was likely to find support at 1.2522, Tuesday's low and resistance at 1.2608, the high of August 21.

The U.S. Labor Department reported on Thursday that the number of people who filed for unemployment assistance last week .

But sentiment on the greenback remained fragile after U.S. President Donald Trump said on Tuesday that he would be in order to get the funding needed for his proposed wall along the U.S.-Mexico border.

Trump also warned that he might with Canada and Mexico.

Investors were also cautious ahead to this week's annual meeting of top central bankers and economists in Jackson Hole, Wyoming, where the heads of the U.S. and European central banks will be making keynote speeches.

At the same time, the commodity-related Canadian dollar was weighed by declining on Thursday, amid ongoing .

The loonie was higher against the euro, with shedding 0.26% to 1.4782.

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