Free Trial

USDCAD consolidates in narrow range...>

DOLLAR-CANADA
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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.