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- USD/CAD advances 0.05% to 1.3551, buoyed by investor concerns over China’s shadow bank and real estate crises.
- US retail sales exceed expectations, supporting the Fed’s stance on maintaining restrictive monetary policy.
- Canadian July Producer Prices rebound with a 0.4% rise, driven by surges in oil and lumber prices.
USD/CAD prepares to finish the week on a higher note, with gains of 0.84%, extending its rally to five straight days but remains unable to claim the 1.3600 figure. Risk aversion continues to take its toll on global equities, sparking flows to safe-haven assets. Hence, the USD/CAD is almost flat, exchanging hands at 1.3545.
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