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Canadian June retail sales in line with forecasts- USD/CAD edges lower again
The June Canadian retail sales data has just been released. As noted here earlier the markets were expected another negative month of sales growth. The forecast was for a 0.3% decline (previous -0.8%). June retail sales actually came out exactly as expected, with a 0.3% decline. Ahead of this the USD/CAD was edging a little higher and trading bang on its 200 day moving average (1.3593) and up from an earlier session low at 1.3582. The impact of this data has pushed the US dollar a little lower again, currently trading at 1.3584
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