Thursday, 21 June 2012

Canadian Dollar Lingers at Flatline Ahead of Data


The Canadian dollar is steady ahead of Thursday's first batch of economic data. On the homefront, a fairly stale April retail-sales report comes at 8:30, the same time as weekly jobless claims in the US. Dourness from the latter risks a downside move for USD/CAD, with the market on edge and looking for reasons for the Fed to pull the QE3 trigger. The greenback is at C$1.0183.

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