Canadian in suspense

USDCAD

Despite the exit from consolidation, the currency pair is still in doubt. The reason is today’s data, which in one part is forecast to improve the situation in the US, ie “core retail sales” which is expected to be positive compared to the last reading. This represents a change in total retail sales excluding cars. On the other hand, there is a change in the total value of sales at the retail level, this is the primary measure of consumer spending that accounts for most of the overall economic activity and is currently projected negative.

You can see that this pair needs strong information from the country for investors to make decisions that will push the price in some direction.