Canadian retail sales data for May was released at 1:30 pm BST. Report turned out to be better than expected but it did not trigger any major moves on the market. Highlights of the report:
• Headline: 2.20% MoM vs 1.6% MoM expected (0.9% MoM previous)
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Create account Try a demo Download mobile app Download mobile app• Ex-autos: 1.9% MoM vs 1.6% MoM expected (1.3% MoM previous)
USDCAD saw a relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.2850 level. Source: xStation5
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