USD/CAD gives back the advance from earlier this week as Canada’s Gross Domestic Product (GDP) report shows a larger-than-expected rebound in economic activity, but the exchange rate may stage further attempts to test the April high (1.3668) as it snaps the series of lower highs and lows from last week. USD/CAD Rate Outlook Rests on Test of April High USD/CAD appeared to be mirroring the weakness in commodity bloc currencies as it approached the monthly high (1.3655), and it remains to seen if the exchange rate will attempt to break out of the April range amid growing speculation for another Federal Reserve rate ... (full story)