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FOREX: USD Snaps Firmer, CAD Weaker on Respective Data Releases

FOREX
  • USD snaps higher on strong retail sales read, pressing EUR/USD back into negative territory - but steering clear of a test on intraday lows of 1.0884 so far. Price action mirrored in USD/JPY, which recovers above 158.50, but is yet to test the weekly high. 
  • Whipsaw price action in CAD, which settles weaker on slower-than-expected CPI, GBP/CAD a few pips shy of morning highs at 1.7755.

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