Canada retail sales higher than expectedBetter data for June, but July is not looking so great at -2.0%. Gains were pushed higher by inflation as well
Canada retail sales higher than expected
Better data for June, but July is not looking so great at -2.0%. Gains were pushed higher by inflation as well. Nevertheless the Canadian dollar has moved little higher (USDCAD lower). For the day, however, the USDCAD is still higher. This week the USDCAD has moved up 4 of 5 trading days. Last Friday the currency pair closed at 1.2772. It is currently trading at 1.2984 after reaching a high today of 1.3002. The natural resistance level at 1.3000 is helping to put a lid on the pair at least for now.
USDCAD runs to 1.3000 today
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