USD/CAD – Loonie Improves on Positive Canadian Sales Data

The Canadian dollar has posted gains on Friday, as USD/CAD has dipped below the 1.09 line late in the European session. On the release front, both Canada and the US released key data. Canadian Manufacturing Sales posted a gain of 0.6% in July. In the US, PPI showed a paltry gain of 0.1%, while the Empire State Manufacturing Index weakened, coming in at 14.7 points. We'll get a look at US consumer sentiment data later in the day. Canadian Manufacturing Sales, a key event, softened in July, with



Read More http://ift.tt/1sJaYdA