USD/CAD edges lower below 1.4000 on softer US Dollar, eyes on US hard data

The dollar softens ahead of April sales data - Monex Canada

CAD Manufacturing and wholesale sales data could garner a little more attention than usual later today, with traders still scouring the data for any signs that Trump tariffs are having a meaningful impact on real economic activity. Granted, the data is for March, and that might mean it comes just a little too early to see a significant effect. But this is still after the point at which Trump began raising tariffs on Canada, suggesting to us that…

USD/CAD edges lower below 1.4000 on softer US Dollar, eyes on US hard data

The USD/CAD pair loses ground to near 1.3975 during the early Asian session on Thursday, pressured by a weaker US Dollar (USD). The US Retail Sales and Producer Price Index (PPI) for April will be the highlights later on Thursday, along with the speech from the Fed’s Chair Jerome Powell.