Canadian Dollar whipsaws as markets shift following US Retail Sales, Canada CPI inflation

The Canadian Dollar (CAD) went V-shaped after markets saw a large run-up in the US Dollar (USD) ahead of Tuesday’s US Retail Sales reading, and a beat

Canadian Dollar slumped 0.65% from the day’s open after US Retail Sales beat the market. Canada CPI inflation missed expectations, but Loonie traders are shrugging off the miss as the US Dollar recedes across the board. Crude Oil spot prices are dipping for Tuesday, hobbling excess gains for the CAD. on the expected figure is seeing broad-market sentiment improving, sending the USD lower across the board, with the CAD shrugging off a miss for Canadian Consumer Price Index figures.

00% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US retail sales beat expectations in September; core retail sales rise solidlyU.S. retail sales increased more than expected in September as households boosted purchases of motor vehicles and spent more at restaurants and bars, suggesting the economy ended the third quarter on a strong note.
Read more »

Crypto Day Ahead: U.S. Retail Sales Data to Test Dollar BuoyancyOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Read more »

Australian Dollar extends gains on second day after RBA minutes, US Retail Sales eyedThe Australian Dollar (AUD) extends its gains on the second successive day, remaining firmer against the US Dollar on Tuesday. The pair receives upwar
Read more »

Dollar to seek direction from US retail sales as yield rally stalls [Video]Is consumer spending starting to cool? The US economy has been chugging along quite nicely in 2023 despite hitting several bumps on the road and Fed p
Read more »

Forex Today: US Dollar falls back as market sentiment rebounds, US Retail Sales in the pipeThe US Dollar eased back in Monday's trading as market sentiment improved ahead of Tuesday's trading session. Asia markets kick things off with the la
Read more »

US Retail Sales Preview: Relentless consumer set to lift US Dollar, trigger downside Gold correctionHigher prices? No problem – that seems to have been the attitude of America's relentless shoppers in the past few years. Will it continue? There are g
Read more »