Currency Note Worldwide

Canadian dollar capitalises on weak US data

By Ricky Bean May 14th, 2015

  • The Canadian dollar managed to take advantage of some poor data out of the US on Wednesday. Core retail sales, which excludes automobiles, increased by a miserable 0.1% after experts had expected a gain of over half a percent. The Canadian currency managed to take advantage of this and jump almost half a percent, finishing the day at 1.1930.
  • The Australian dollar held steady against its US counterpart on Wednesday, after data showed that Australia’s wage prices rose slightly less than expected in the first quarter.

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