© Reuters. The USD/CAD is progressing according to figures canadian
Investing.com – The u.s. dollar is advancing against its canadian counterpart on Thursday, moving away from a lowest of two weeks following the publication of figures canadians who have mitigated demand for the currency.
Trading volumes remain thin with the closure of us markets for Thanksgiving.
The USD/CAD rose 0.19% to 1.2720 at 09:30 a. m. AND (13:30 GMT).
Statistics Canada reports that retail sales rose 0.1% in September, disappointing forecasts for a rise of 0.9%.
Major sales, which exclude automobiles rose 0.3% versus forecasts of a 1% increase.
The dollar fell after the minutes from the Wednesday of the last Fed meeting which showed that “many participants” were worried by the fact that inflation would remain below the 2% objective of the bank.
The minutes echoed the comments of Janet Yellen, president of the Fed, at the beginning of the week, indicating that it was not some of the inflation outlook.
While the increase in rates in December is still almost fully expected, investors reduced expectations of further rate hikes in 2018.
The loonie declined against the euro, with EUR/CAD up 0.44% at 1.5072.