BREAKING: USDCAD sees little reaction to Canada and US data

Canada retail sales data for October was released at 1:30 pm GMT. Report turned out to be mixed but it did not trigger any major moves on the markets. Highlights of the report:

• Headline: 1.4% MoM vs 1.5% MoM expected (-0.5% MoM previous)

• Ex-autos: 1.7% MoM vs 1.5% MoM expected (-0.7% MoM previous)

Simultaneously to the release of Canadianretail sales report, the data from US housing market for November was released. Housing starts for November came in at 1.427 million, from 1.425 million in the previous month. Building permits at 1.342million were much lower than expected 1.512million.

USDCAD saw relatively small reaction to today’s data release. The currency pair continued to trade above major support at 1.36000 level. Source: xStation5

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