The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 22 pips or 0.17% right after the release. The Greenback continued trading at the 1.3285 level against the Canadian Dollar.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of negative 0.1% compared to the forecast of 0.2%.
According to the official release: “Sales in the retail trade sector advanced for the first time in three months, increasing 0.4% in July to $51.5 billion. Higher sales were reported in 6 of 11 subsectors representing 71% of retail trade. After removing the effects of price changes, retail sales in volume terms were essentially unchanged in July.”
