Trial now

Fresh Session Lows After RBA's Lowe Speaks

DOLLAR-CANADA: Rate remains toward the lower end of the day's ahead of the key
retail sales and inflation numbers in just under 30 minutes. Yesterday's lows of
C$1.2750 provide the initial support level with the May11 low kicking in just 20
pips below. Stronger support, however, is seen at C$1.2710/08, marking the 1.0%
envelope 10-dma and 61.8% Fib level for the C$1.2528-1.2998 move respectively.
Retail sales are expected at 0.3% m/m, with CPI seen at 2.3% Y/Y. 
MNI London Bureau | +44 203-865-3809 |