USDCAD consolidates in narrow range...>

DOLLAR-CANADA: USDCAD consolidates in narrow range trade with main focus on

Retail Sales data at the bottom of the hour. USDCAD last C$1.3045 with near-term

resistance at C$1.3065 from the 200-hma. Support at C$1.3016/15 from the

intraday low & Oct 25 2018 low. 

- RBC economists expect a 0.3% m/m increase in nominal retail sales in May (in

line with consensus) after a 0.1% m/m rise in April.

- TD looks for a 0.3% increase in line with the market consensus, as a pullback

in motor vehicle sales weighs on a 0.6% increase in the ex-autos measure

(market: 0.4%). After a 0.3% (sa) increase in consumer prices for May, this

should leave real retail sales little changed on the month, consistent with some

moderation in household consumption after a robust Q1.