USD/CAD Remains Sideways Near 1.3750 As Investors Shift Focus To US Retail Sales Data
June 17, 2024 at 10:35 AM EDT
USD/CAD consolidates near 1.3750 with a focus on the US Retail Sales report for May. Investors see the Fed reducing interest rates twice this year against one forecasted by policymakers. The BoC may extend its policy-tightening spell in July.