Canadian dollar falls thanks to weaker than expected data

The Canadian Dollar fell slightly against both sterling and the US dollar yesterday amid weaker than expected results from the whole sales data which was 0.3% below expectation, and 1.3% lower than last month. After the comments from Governor Poloz speech we saw slight weakness.

Contrastingly, the Turkish Lira rose to a three week high today before their Central Bank’s monetary policy meeting today; this is mostly due to the US delay on the interest rate hike. The lira rose 0.4% against sterling and 0.2% against the US dollar.

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