The post USD/CAD jumps to near 1.3740 after strong US Retail Sales and lower jobless claims appeared on BitcoinEthereumNews.com.

USD/CAD rises to near 1.3740 as the US Dollar bounces back after upbeat US data. US Retail Sales rose strongly by 1% and Initial Jobless Claims came in lower than expectations. A sharp recovery in the Oil price continues to boost the Canadian Dollar. The USD/CAD pair delivers a vertical upside move to near 1.3740 in Thursday’s New York session as the US Dollar (USD) recovers strongly. The US Dollar bounces back after the release of the stronger-than-expected United States (US) Retail Sales data for July and lower Initial Jobless Claims for the week ending August 9. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps above 103.00. The US Retail Sales report showed that sales at retail stores rose at a robust pace of 1% due to strong demand for automobiles from the estimates of 0.3%. In June, Retail Sales contracted by 0.2%, downwardly revised from a flat performance. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.44% 0.03% 1.21% -0.01% -0.20% 0.28% 0.80% EUR -0.44%   -0.41% 0.74% -0.44% -0.72% -0.32% 0.35% GBP -0.03% 0.41%   1.17% -0.03% -0.31% 0.10% 0.85% JPY -1.21% -0.74% -1.17%   -1.21% -1.41% -1.05% -0.32% CAD 0.00% 0.44% 0.03% 1.21%   -0.20% 0.13% 0.88% AUD 0.20% 0.72% 0.31% 1.41% 0.20%   0.39% 1.15% NZD -0.28% 0.32% -0.10% 1.05% -0.13% -0.39%   0.75% CHF -0.80% -0.35% -0.85% 0.32% -0.88% -1.15% -0.75%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if…

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Filed under: News - @ August 15, 2024 3:19 pm