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USDCAD Technical Analysis - Focus on US Retail Sales

The miss in the US CPI report last week has led to a broad US Dollar weakness as the market anticipated one last hike at the July FOMC meeting. The falling inflation, strong labour market and rising consumer sentiment have also strengthened the soft-landing narrative and caused a positive risk sentiment in the markets. Conversely, the BoC hiked rates by 25 bps as expected as the central bank doesn’t like the persistently high underlying inflation with a tight labour market. In fact, the BoC Gove... Read More

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Content Topics

Usdcad

Technical

Analysis

Focus

Retail

Sales

Forex

Posted: Jul 18 2023, 06:05

Author Name: forexlive

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