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USD/CAD: Poor Retail Sales Sap CAD's Strength, CPI Up Next

posted by Avatar FXTimes 422 days ago in CAD, Fundamental, Inflation

The negative print on the CAN retail sales today undermines the fundamental case for the Canadian Dollar. We now shift our attention for the USD/CAD to Friday consumer inflation data (while monitoring) the more global sentiment themes. If CPI is cooler than forecasts the BOC - if its concerned about the domestic economy - can turn more dovish, whic
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