USD/CAD is on pace for a fourth consecutive weekly gain and only 10 pips from a fresh 3-month high.
Prior to the soft GDP numbers, USD/CAD had pulled back to the 50% retracement since last week, clearing out moderately overbought conditions.
A near-term break of 1.0019 will depend on stocks, which are set to re-open at the bottom of the hour. The process could be messy and that has the potential to spark risk aversion, and boost USD/CAD.
Offers at 1.0060.
