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Message: [QUOTE="ForexSignalses, post: 161801, member: 59138"] [B]USD/CAD steadies above 1.34, adds as regards 100 pips for the week[/B] Mixed data from Canada weighs more or less the CAD going something later than for Friday. Dismal announcement feel drags substandard oil prices demean. US Dollar Index turns sure all but the weekly chart. The USD/CAD pair built a propos Thursday's gains and advanced to its highest level before now March 11 at 1.3427. With the trading acquit yourself in turning subdued in the last couple of hours, the pair started to shape oblique in the upper half of its daily range and was last seen adding together roughly 0.4% on the subject of the hours of hours of day at 1.3415. On a weekly basis, the pair is taking place re 100 pips. Earlier today, the data published by Statistics Canada showed that inflation, as measured by the consumer price index (CPI), rose 1.5% on a yearly basis in February to inflection the pronounce expectation of 1.4%. Other data revealed that retail sales declined by 0.3% taking into account hint to a monthly basis in January to drop quick of the analysts' estimate for an addition of 0.4%. Meanwhile, the US T-concord comply curve inversion and disappointing economic data releases from Germany elevated fears of an economic slowdown and weighed around risk-sore slapdash oil prices to put added weight upon the commodity-united loonie's shoulders. At the moment, the barrel of West Texas Intermediate is losing 1.45% upon the daylight at $59. On the tallying hand, considering the greenback taking advantage of the risk-averse look and ignoring the neutral Markit PMI data from the U.S., the US Dollar Index extended its rebound and turned beatific for the week stuffy 96.70 to preserve the pair's daily rally. [/QUOTE]

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