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Loonie settles down after retail sales data
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Loonie settles down after retail sales data
May 25, 2025 7:38 PM

The Canadian dollar was little changed against most major rivals on Friday following mixed data.

Earlier government data showed retail sales fell 0.4% last month as expected, while core sales, excluding food and energy, rose 0.5%, as analysts expected a 0.1%% dip.

On trading, the CAD/USD pair fell 0.1% today as of 20:43 GMT to 0.7214.

Sterling

The GBP/USD pair fell 0.1% as of 20:44 GMT to $1.3330.

US Dollar

The dollar index rose 0.1% today to 99.5, with a session-high at 99.8, and a low at 99.4.

Wall Street was boosted recently as the trade war risks receded after US President Donald Trump signalled a potential lessening of tariffs on Chinese goods.

A Bloomberg report also indicated the Chinese government is considering tariff exemptions for some US products.

The Consumer Confidence index from the University of Michigan dropped 8.4% this month to 52.2 from Marchs 57.

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