Tuesday, 20 November 2012

Wholesale-Data Miss Bolsters USD/CAD Support


With Canadian wholesale sales surprisingly falling--and mightily--in September, USD/CAD support should be maintained in the 0.9935-40 region, says CIBC. It thinks the cross should be contained in the C$0.9935-1.0000 range ahead of Thursday's Canadian retail-sales print and Friday's CPI release. USD/CAD is up 0.1% at C$0.9975, according to CQG.

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