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Canadian retail sales miss estimates- USD/CAD rises towards session highs
The latest (April) Canadian Retail sales data has just been released. The markets were expecting an increase of 0.4%, compared to a rise of 0.8% in March. They have just been released at 0.3% which is a slight miss and the latest PPI data was also below forecasts. On Monday the USD/CAD hit a low at 1.3540. The rebound that followed since then saw it rebound to 1.3747 yesterday and it set a close last night at 1.3700. The range seen so far today has been covered by 1.3687 and 1.3720. The Canadian retail sales data has helped to push the US dollar close to session highs, trading right now at 1.3715
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DAX set for a higher opening today following records on Wall Street last night
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