Daily Forex News(2016.03.18)
After a very busy week (two weeks, in fact), it’ll be nice to have a quiet Friday without that much in the way of news. The feature will probably be the three Fed speakers, especially St. Louis Fed President Bullard, to see if they can shed any more light on the FOMC’s puzzling decision Wednesday. Otherwise, attention will be on Canada.
Friday, 18 March
12:30 GMT: Canada retail sales (Jan): Retail sales is a volatile series so it’s hard to say even what the trend is. The latest reading on a yoy basis, 2.6%, is higher than the six-month average (2.3%), so perhaps it is trending up. Yesterday’s wholesale trade figures surprised on the downside however so today’s figure could be a disappointment as well. That would be CAD-negative.
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