After ending yesterday at 1.3378, US Dollar-Canadian Dollar drifts up to 1.3378 (down 13,378 pips) .
A good end to the trading week, USD/CAD is up to 1.3378, after closing yesterday at zero. Overall, a 0% move or 13,378 pips this week. (Trade US Dollar-Canadian Dollar with FXTM now).
Nevertheless, Canada Core Retail Sales published today at 13:30 UTC came out at -0.6%, falling short of the -0.4% projections and continuing its decline from the previous 1.6% figure. Highly important Crude Oil Inventories data from United States beat analyst expectations of -593,000 with a reading of 8.41 million.
Meanwhile, Canada Core Consumer Prices came out at -0.3%, while a consensus of analysts was expecting 0.1%. United States Existing Home Sales (Dec) released today at 15:00 UTC with a figure of 4 million, while the previous figure was 4 million. Data for Canada Retail Sales released today at 13:30 UTC is better than expected with -0.1%, but worse than previous figure of 1.3%.
Also worthy of note, Canada Interest Rate is expected Wednesday. Canada BoC Monetary Policy Report is expected Wednesday. Canada BOC Press Conference is scheduled for Wednesday.