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)
• 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
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?