© Reuters. The USD/CAD to a low of one week after the numbers
Investing.com – The u.s. dollar fall to a low of one week relative to its canadian counterpart on Thursday, after the release of u.s. data essentially pessimistic and economic relationships far more positive for Canada.
The volumes of transactions are expected to become increasingly thin throughout the week, before the Christmas holidays.
USD / CAD was down 0.66% at 1,2748 to 9.30 am (13.30 GMT).
Statistics Canada reported Thursday that retail sales had increased 1.5% in October, beating expectations of a 0.3% increase.
Retail sales basis, excluding autos, were up 0.8%, exceeding forecasts of a 0.4% gain.
The data also showed that the increase in consumer prices rose 0.3% in November, higher than the expected increase of 0.2%.
In the United States, the department of Labor reported Thursday that applications for unemployment benefits initial $ 245,000 for the week ending December 15. Analysts expected that the number of unemployed reached 231 000 last week.
A separate report showed that the U.s. economy had registered a growth of 3.2% in the third quarter, revised down from the previous reading of a growth rate of 3.3%.
On a more positive note, the Federal Reserve Bank of Philadelphia said that its manufacturing index rose unexpectedly to 26.2 this month of November to 22.7.
The greenback has reacted after the House of Representatives has approved on Wednesday the largest revision of the tax american in 30 years, marking a major domestic political victory for the president, Donald Trump.
The aussie is advancing against the euro, with EUR / CAD down from 0.75% to 1,5120.