FXstreet.com (Córdoba) - An unexpected decline in Canadian retail sales of 0.6% in July, boosted USD/CAD that rose to 1.0730. But after the opening bell at Wall Street the pair regained downside momentum and fell to 1.0670, close to intra-day low that lies at 1.0658.
The release of the Canadian retail sales partly offset a sharp increase in crude-oil prices that beneficiated the Canadian dollar. The price of the barrel is back above $71 and is rising more than 2.50% on Tuesday.
Current price at 1.0695/97 is 0.80% below today's opening price. The pair is falling erasing yesterday's gains.