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Flash: USD/CAD a buy on dips – Westpac

FXstreet.com (New York) - Global FX Strategist Sean Callow at Westpac analyzes the medium-term outlook of the USD/CAD.

Key quotes

CPI and retail sales the key releases. After last month’s strong retail print, and given recent cooler complexion to the data lately (building permits, jobs) risks are firmly to the downside on retail sales.

“The USD/CAD remains firmly entrenched in a medium-term uptrend from Sep 2012. With the BoC on the sidelines and EM growth unlikely to accelerate dramatically beyond stabilization, the medium uptrend should extend well into 2014 – buy dips in USD/CAD if seen into 1.0250-1.0200.”

Flash: GBP/USD to benefit from BoE – BMO Capital Markets

The sharp monthly rise in UK retail sales during July took the focus earlier today in FX markets and rightfully so, notes Greg Anderson at BMO Capital Markets.
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US Dollar Index losing its shine

After a quick spike beyond 81.90 post-jobs data, the greenback – gauged by the US Dollar Index – is trading back to the negative territory around 81.65/70...
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