Canada retail sales data for January was released at 12:30 pm GMT. Report turned out to be better than expected but it did not trigger any major moves on the markets. Highlights of the report:
• Headline: 3.2% MoM vs 2.4% MoM expected (-1.8% MoM previous)
• Ex-autos: 2.5% MoM vs 2.2% MoM expected (-2.5% MoM previous)
USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2620 level. Source: xStation5
BREAKING: Germany IFO slightly lower than expected 📌
Economic calendar: delayed US PPI and retail sales report this week 📃
Morning wrap (24.11.2025)
Daily summary: massive selloff in crypto; Fed cut in December 💵