• Canadian wholesale sales +1.9% vs +0.3/0.4% forecast, Loonie fails to respond
  • USD/CAD 1.2305/18 in the aftermath, all eyes on the FOMC
  • A little strange because no one expects much from the Fed
  • Tight ranges rare event – everyone fears the wrath of the DXY
  • One big 5 bank notes the Loonie is vulnerable to a breakout

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