The Canadian dollar posted modest gains last week, as USD/CAD closed just below 1.2890. There are eight events on the schedule this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.
It was a disappointing week for US releases, as poor retail sales and weak manufacturing data out of the US helped the Canadian dollar post gains for a third straight week. There were no Canadian major releases last week.
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