Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of Canadian data on Core Retail Sales.
USD/CAD was trading at 0.9903, up 0.74% at time of writing.
The pair was likely to find support at 0.9816, Thursday’s low, and resistance at 0.9919, today’s high.
Earlier in the day, official data showed that Core retail sales in Canada rose less-than-expected to a seasonally adjusted 0.60% last month from 0.90% in the preceding month whose figure was revised down from 1.00%.
Analysts had expected Canadian core retail sales to rise 0.70% last month.
Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.3662 and GBP/USD falling 0.50% to hit 1.6144.
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