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FX Update: Friday May 22, 2015

Posted May 22, 2015

Under Economic Issues

The Canadian Dollar is down slightly to start the morning after the release of both Canadian and U.S. economic data. U.S. inflation numbers showed a minor improvement over expectations coming in at a rate of 0.3% for April versus an expected 0.2%, while Canadian inflation numbers were just below expectations for April coming in at 0.1% versus an expected 0.2%. However, Canadian retail sales for March did surprise to the upside coming out at 0.7% versus an expected 0.3%. Markets will likely be trading cautiously ahead of next Wednesday's Bank of Canada interest rate decision. 

Update Courtesy of Johny Nusbaum | Foreign Currency Trader | Aloris Mercantile Corp  | Toll Free: 1-800-298-1231