USDCAD has moved up from around 1.2772 to a high of 1.2802 since start of press conference.
Bank of Canada’s Poloz has been cautious in his comments so far from his press conference suggesting that things are better but to not get too excited. This has led to softer USDCAD. USD has also seen a bit more of a bid since the Atlanta Fed GDP estimate came out better than expected despite the fall in Retail sales (+0.3% vs +0.1% prior).