Forex: USD/CAD bounces at 1.1250 and tests 1.1300 after Canadian retail sales
Fri, Jun 19 2009, 12:56 GMT
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FXstreet.com (Barcelona) - USD/CAD has bounced at 1.1250 level to rise above 1.1280 and test 1.1300 resistance fueled by a worst then expected Canadian retail sales in April. pair has rising 50 pips after the data released to the currently 1.1290/1.1300, yet 0.25% below today's opening price.
Canadian Retail sales have fallen 0.5% between March and April, worst than 0.1% decline expected and 0.2% losses posted in March. Excluding autos, retail sales have posted 0.8% decreases in April, well below of 0.3% increases posted in March and worst than 0.1% decline expected by market.

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