Canadian Dollar surges as sharp US Retail Sales miss hits the Dollar
The Canadian Dollar (CAD) is among the best performers on Friday, trading near a fresh two-month low against the US Dollar (USD) near the 1.3860s mark. The move coincides with a weak US Retail Sales report that pulled the Greenback lower across the board, but it preceded that data release.
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- Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits. marketwatch.com
- Retail sales fall 0.6% as consumers see inflation eroding buying power cfodive.com
- Australian Dollar bounces up, US Dollar droops ahead of US Retail Sales data fxstreet.com
- Midday Need to Know: Retail sales drop, Ackman shakes up portfolio & more seekingalpha.com
