Canada retail sales data for November was released at 1:30 pm GMT. Report turned out to be weaker than expected but it did not trigger any major moves on the markets. Highlights of the report:
• Headline: 0.7% MoM vs 1.2% MoM expected (1.6% MoM previous)
• Ex-autos: 1.1% MoM vs 1.2% MoM expected (1.3% MoM previous)
USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2525 level. Source: xStation5
Daily Summary: Wall Street ends the week with a calm gain 🗽 Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations 🔎UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉
DE40: Adequate data, Mild growth