The USD/CAD pair finds some selling pressure after recovering to near 1.3640 from the round-level support of 1.3600. The Loonie asset is expected to r
USD/CAD struggles to extend upside above 1.3640 ahead of key economic data. The market mood is broadly risk-off amid deepening Middle East tensions. Fed policymakers are advocating for stable monetary policy as long-term bond yields are near multi-year highs. emain on the tenterhooks as investors are awaiting Canada’s inflation data and United States Retail Sales data for September.
50% as long-term bond yields are hovering near multi-year highs and are sufficient to keep pressure on spending and investments. Going forward, investors await the US Retail Sales data for September. As per the consensus, the consumer spending momentum expanded at 0.3%, almost half of August’s growth rate. On the Canadian Dollar front, investors await the inflation data for September. On a monthly basis, the headline Consumer Price Index is seen up by 0.1%, declining from the previous 0.
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