April 24, 2024 – OkSignals

USD/CAD Rebounds on Weak Canadian Retail Data, Eyes US GDP and PCE

The USD/CAD pair experiences a strong bounce towards 1.3700 after disappointing Canadian Retail Sales figures for March. The unexpected contraction in retail activity fuels CAD weakness and supports the USD. Key Factors: Outlook: The USD/CAD pair’s near-term direction hinges on the upcoming US economic data releases. A positive surprise in GDP and PCE figures could […]

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