Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Greenback regains some footing
On Thursday, the evergreen buck tacked on, paring some of the losses it faced after Donald Trump told that a shutdown of the government was probable and even threatened to cancel the North American Free Trade Agreement.
On Thursday, Trump warned that he might terminate the NAFTA trade treaty with Canada and Mexico after three-way negotiations didn’t managed to bridge deep differences. Additionally, he told he might shut down the government if he fails to obtain funding to erect a wall on the US-Mexico border.
His remarks emerged ahead of a looming debate in Congress as for lifting the debt ceiling, and also knocked the US currency lower on Wednesday.
On Thursday, the evergreen buck managed to regain some ground. Against the Japanese yen, the US currency went up 0.1% being worth 109.19 yen, having dropped 0.5% on Wednesday.
The greenback’s upside potential seems restricted for now, as some financial experts point out.
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The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Latest news
Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
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