Canada released a bulk of retail sales and inflation data.
USD/CAD was tumbling down ahead of the publication. This is a result of various factors. Oil prices are on the rise once again, with WTI hitting $50. The trigger was talk about a “deeper and longer deal” between OPEC members and also with their non-OPEC counterparts.
The second reason for the drop in USD/CAD stems from the weakness of the US dollar. The feared crippling of the Trump administration following the recent scandals weighs on the greenback.
All in all, USD/CAD is some
