Canadian Dollar gains against everything except the US Dollar.
Canadian Manufacturing Sales barely register on the radar.
Friday’s US UoM Consumer Sentiment in the barrel.
The Canadian Dollar (CAD) is broadly higher on Friday, landing in the green against the majority of its major currency peers but still shedding over half of a percent against the US Dollar (USD) bottom-to-top. Markets piled back into the Greenback bid after US Retail Sales missed the mark on Thursday, and the US Producer Price Index (PPI) stubbornly refused to give up ground.
Canada brought an update to January’s MoM Manufacturing Sales that barely registered in markets as investors focused squarely on US data and its impact on Federal Reserve (Fed) rate cut bets. On Thursday, following the US data dump, rate futures repriced slightly lower odds of a June rate trim from the Fed.
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