Lonnie slips after disappointing retail sales data
The Canadian dollar slipped against most majors on Friday, after the release of weak economic data, and pressures on the oil market.
Data showed today that the Canada's retail sales index rose 0.6% in August, missing forecasts of 0.8%.
The core retail sales reading (excluding food and energy prices) fell 0.4%, also missing analysts' forecasts of a rise by 0.5%.
To the oil market, WTI October futures at Nymex rose 0.1% to $41 a barrel as of 18:00 GMT, after hitting a high of $41.4 and a low of $40.3.
Brent November futures fell 0.5% to $43.07 a barrel, with a high of $43.8 and a low of $42.5.
CAD/USD fell 0.15% to 0.7589 as of 18:16 GMT, after the pair hit a high of 0.7613 and a low of 0.7575.
US oil drilling rigs fall slightly - Baker Hughes
The energy services firm "Baker Hughes" announced today that the US crude oil drilling rigs count declined 1 rig to 179 during this week.
While the natural gas rigs rose 2 to 73 rigs, with the total of oil and gas rigs rising by 1 to 252 rigs.
Oil prices mixed, US crude consolidates above $41
Oil prices saw mixed performance on Friday, as traders parse the damage caused by Hurricane Sally and the level of demand improvement or the lack thereof.
The Saudi energy minister warned what he descried as "market gamblers" that they would "be ouching like hell."
OPEC-Plus' joint ministerial monitoring committee confirmed that there is pressure on demand due to the rising coronavirus cases and speculation of a second wave of infections.
The dollar index fell against a basket of currencies by 0.1% to 92.8 points as of 18:13 GMT, after hitting a high of 93.01 and a low of 92.7.
As of 18:10 GMT, WTI October futures at Nymex rose 0.1% to $41.01 a barrel, after hitting a high of $41.4 and a low of $40.3.
Brent November futures fell 0.5% to $43.06 a barrel, with a high of $43.8 and a low of $42.5.
US consumer confidence rises to highest level since March
A survey by the University of Michigan to measure the US consumer confidence, showed a jump during September to the highest level since March.
The survey showed the US consumer confidence index rose to 74.1 points in September vs. 74.1 in August, also higher than analysts forecasts of 75.9 points.