Wednesday, 21 October 2020

Canadian Dollar Outlook: Retail Sales Data May Fuel USD/CAD Downtrend

Retail sales and inflation data is likely to dictate the outlook for the Canadian Dollar after the Bank of Canada confirmed negative rates remain part of the toolkit.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...