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Forex Flash: USD/CAD waiting for tomorrow's US CPI for an upmove – TD Securities

Strong US retail sales report yesterday boosted the USD/CAD, but it failed to even approach the upper end of the March range. "The lack of follow through on a very solid US data release is another piece of evidence (on top of the less hawkish BoC) that the market is more geared toward a pullback now", wrote analysts Shaun Osborne and Greg Moore, expecting the US CPI to be USD/CAD-positive.
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