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USD/CAD falls after core Canadian retail sales beat forecasts
The latest Canadian retail sales numbers have just been released. The markets were expecting a rise in core sales of 0.5% in September. They actually rose by 0.9%. Now earlier today the rebound in the USD/CAD saw it rise to 1.4021. It was already tracking lower when this data arrived and that has now pushed the USD/CAD back down to around 1.3970. The USD/CAD is currently trading at 1.3971, but it remains to be seen, if this batter then forecast sales data will deliver more than a glancing blow for the US dollar
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