USD/CAD ADVANCES TO WEEKLY HIGHS NEAR 1.3330 ON UPBEAT US DATA
15 August 2019, 16:10
Retail sales in US rose more than expected in July.
WTI recovers to $55 to help CAD limit its losses.
US Dollar Index turns positive on the day near 98 on upbeat data.
The USD/CAD pair gained traction in the last hour and rose to its highest level in a week at 1.3331 as the...
Today's data from the US revealed that the core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve preferred gauge of inflation, ticked up to 1.6% in June but fell short of the market expectation of 1.7%. Nevertheless, the market reaction to the data stayed muted as investors remain on the sidelines ahead of tomorrow's FOMC...