USD/CAD ends the week off 5-year highs

FXStreet (Córdoba) - USD/CAD is trading nearly flat on the day but still poised for weekly gains, although it retreated from 5-year highs as risk sentiment improved over the last sessions, weighing on the greenback against commodity currencies.

Intraday speaking, USD/CAD has traded in a narrow range throughout the day, with the 1.1210 area containing the downside and with Canadian inflation numbers having virtually no impact on the loonie.

At time of writing, the pair is trading at the 1.1250 zone, unchanged on the day but 0.65% higher this week, having reached a 5-year peak of 1.1384 on Wednesday.