Wednesday April 23, 2008 - 13:16:35 GMT
Share This Story
CEP News - www.economicnews.ca
Canadian Dollar Down More Than a Cent After Retail Sales Data
08:51 04/23 (CEP News) â€“ The Canadian dollar sold off sharply
following a disappointing retail sales report from Statistics Canada.
The loonie opened the session at 0.9919 and was trading down to 0.9871 ahead of the data.
Retail sales excluding autos were expected to increase 0.4% but instead
declined 0.3% in February. Headline sales declined 0.7% against
expectations of a 0.1% increase.
The Canadian dollar fell to 0.9801 (USD/CAD 1.0203) â€“ nearly
three-quarters of a cent â€“ in the moments following the release. On the
session, the loonie is down 0.116, or 1.2%.
The Canadian dollar also fell on other crosses. Against the yen, the
Canadian dollar is down 1.14 to 101.02. Against the Australian dollar,
the loonie is down 0.180 to 1.0316.
The pound sterling is up 0.0109 to 2.0230 CAD and the euro is up 0.0143 to 1.6264 CAD.
All data taken at 8:46 a.m. EDT.
By Adam Button, [email protected], edited by Nancy Girgis, [email protected]
(END) Â©CEP Newswires - Â©CEP News Ltd. 2008. All Rights Reserved. www.economicnews.ca
Related recent stories: (08:30 04/23) February Chill Hits Canada's Retail Sector, Sales Fall 0.7% (07:03 04/23) Wednesday's Events: Canadian Retail Sales, DOE Oil, Norges Bank Rate Decision (17:21 04/22) The Day Ahead Canada & U.S.: Canadian February Retail Sales
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."