Canada dollar weakens to 3-1/2-month, breaks resistance level

Fri Nov 16, 2012 11:32am EST
 

TORONTO (Reuters) - The Canadian dollar weakened to a 3-1/2-month low against the U.S. dollar on Friday, breaking a significant USD/CAD technical resistance level, as negative global economic sentiment continued to drag on riskier assets.

The Canadian dollar softened to C$1.0048 versus the U.S. dollar, or 99.52 U.S. cents, weaker than its North American close on Thursday of C$1.0013, or 99.87 U.S. cents. (Reporting by Solarina Ho; Editing by Leslie Adler)