The swing area come to between 1.24227 and 1.24490
The USDCAD has traded to a new week low of 1.24215. That took out a earlier low for the day at 1.24255, and also the low from July 14 at 1.24227. The price traded at the lowest level since July 6.
ForexLive Americas FX news wrap: US retail sales beat estimates but the market doesn't care
Forex news for New York trade on July 16, 2021:
- Gold down $18 to $1810
- US 10-year yields down 0.2 bps to 1.295%
- WTI crude oil down 18-cents to $71.41
Retail sales were much stronger than expected and the strength was broad-based but the FX market largely cast the report aside after an initial pop in