Loonie falls on weak retail data

Canadian dollar fell against the greenback today, on weak retail sales data amid uncertainty about the global economic growth.

The Canadian economy revealed today its monthly reading for the retail sales which rose by 0.4% as expected, while the core reading showed that it fell by 0.1%, lower than forecasts.

Amid uncertainty about the global economic growth and the monetary policies path of the US Federal Reserve and other global central banks.

President Trump said in a press conference today that China is making progress in the trade talks file with the US, while noting that an agreement will not be necessarily reached before the 2020 elections.

As of 16:39 GMT, CAD/USD fell by 0.2% to $0.7531, with a high of $0.7549 and a low of $0.7514.