Trade the CAD on economic indicators

Trade the CAD on economic indicators

Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.

A new agreement between the US, Mexico and Canada were anticipated to support the CAD. However, the effect of the event didn’t last for a long time. The Canadian dollar is under big pressure as the USD strengthens again.

• If data are greater than forecasts, the CAD will rise.

• If data are weaker than forecasts, the CAD will fall.

Check the economic calendar

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