For those who missed USDCAD fiesta y'day, we may have another round today...
[FOCUS COMMENT: NERVOUS PLAYERS AWAIT CDN RETAIL SALES] After yesterday's local CPI shocker, Usd/Cad has been hit sharply lower as traders draw back any expectations for a BoC rate cut this year, with the core CPI now well above the CB's 2.0% target. Nervous traders now await the key retail sales data at 12.30gmt for clues on further direction
But I'll be out of the office by the time...
[FOCUS COMMENT: NERVOUS PLAYERS AWAIT CDN RETAIL SALES] After yesterday's local CPI shocker, Usd/Cad has been hit sharply lower as traders draw back any expectations for a BoC rate cut this year, with the core CPI now well above the CB's 2.0% target. Nervous traders now await the key retail sales data at 12.30gmt for clues on further direction
But I'll be out of the office by the time...
![](https://resources.faireconomy.media/images/emojis/64/1f641.png?v=15.1)