Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Greenback starts trading week on back foot
On Monday, the major American currency started the trading week on the back foot because some lackluster US data along with comments from Fed officials gave traders few catalysts to build on their greenback exposure.
The dollar index, estimating the greenback against a basket of six main counterparts, was almost intact, sticking to 100.390. The previous week it hit a minimum of 98.858, its weakest outcome since November 11.
Financial analysts stress that the previous week the greenback gained some support from month-end buying and came off its minimums, though overall its heaviness is still intact.
This week, market participants are awaiting Friday's non-farm payrolls report, while a worse-than-expected outcome would push the greenback down more than a better-than-expected result would push it up.
The common currency gained 0.2%, reaching $1.0676, while staying not far above Friday's minimum of $1.0649, its weakest value since March 15.
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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.
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