CAD suffers as wholesale sales fall at........>

FOREX: CAD suffers as wholesale sales fall at fastest rate in 3 years

-Despite firmer commodity markets, CAD was the poorest performer in G10 Monday

as the sole data release of the day missed expectations in a big way: wholesale

trade sales dropped by 1.8% against expectations of a 0.5% rise, the worst

release since early 2016. The negativity was compounded by further CAD downside

calls from CIBC, who called Canadian economic growth into question.

-EUR fared slightly better, hitting the day's highs on MNI sources reports

suggested the ECB could hold off any immediate stimulus moves this week. EUR/USD

topped out at $1.1225 Monday, still well below last week's highs at $1.1282.

-Antipodeans maintained their outperformance throughout the Monday session but

NZD/USD was unable to take out Friday's highs at $0.6791, with AUD/USD's failure

to crack the 200-dma also preventing further progress.

-Eurozone consumer confidence and US existing home sales are the data highlights

of the Tuesday session. Speeches are scheduled from RBA's Kent and US earnings

season continues. The central bank of Hungary also hold their rate decision

Tuesday.