The recent string of lower highs & lows in USD/CAD accompanied by the mixed data prints coming out of the U.S. raises the risk for a further decline in the exchange rate especially as economic developments coming out of Canada are anticipated to show sticky price growth paired with a pickup in private-sector consumption.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2016/08/13/CAD-to-Pare-2016-Losses-on-Sticky-Inflation-Strong-Retail-Sales.html?DFXfeeds=forex:fundamental:forecast:weekly:cad
CAD to Pare 2016 Losses on Sticky Inflation, Strong Retail Sales
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