CANADIAN DOLLAR BRUSHES OFF LOW-TIER DATA MISSES TO FIND MILD RECOVERY ON FRIDAY... Wulan Viana から-フォローミートレーディングコミュニティ

17 Jun 2024, 20:53 · Views 69

Canadian Dollar is broadly higher on Friday but only slightly.
Canada missed forecasts on manufacturing and wholesale figures.
US Consumer Sentiment survey dominates news flow in American session.

The Canadian Dollar (CAD) found a thin recovery on Friday, gaining ground against most of its major currency peers and clawing back a scant tenth of a percent against the US Dollar (USD). A missed forecast in Canadian Manufacturing Sales was broadly brushed off, and an unexpected backslide in the University of Michigan’s (UoM) Consumer Sentiment is throwing a cautionary wrench in market sentiment to wrap up the trading week.

Manufacturing and Wholesale Sales in Canada saw a milder recovery from recent contractions than expected, but market sentiment is largely focused elsewhere after the UoM Consumer Sentiment Index fell to a six-month low, and 5-year Consumer Inflation Expectations ticked higher in June.

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