Mid-Day Forex Technical Report - Canadian Dollar Mildly Higher after Solid Retail Sales |
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Action Insight Mid-Day Report Canadian Dollar Mildly Higher after Solid Retail Sales Canadian dollar is mildly higher in early US session after stronger than expected retail sales report from Canada. Headline sales climbed 0.5% mom in Jun, above expectation of 0.5%. Ex-auto sales growth was even more impressive, jumping 1.4% versus consensus of 0.5%. Leading indicators was unchanged for the second month in Jul. Technically speaking USD/CAD has already made a short term top at 1.0727 and more
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