USD/CAD: Lonnie falls 100 pips after retail sales fell and core inflation missed the expectations
The US Dollar rose about 100 pips to trade up 0.2% at around 1.3340 after the Bank of Canada core inflation index decelerated more than expected to 1.3% y/y in May while Canada’s retail sales unexpectedly fell -1.2% m/m in April.
USD/CAD: Lonnie falls 100 pips after retail sales fell and core inflation missed the expectations
The US Dollar rose about 100 pips to trade up 0.2% at around 1.3340 after the Bank of Canada core inflation index decelerated more than expected to 1.3% y/y in May while Canada’s retail sales unexpectedly fell -1.2% m/m in April.