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USD/CAD Outlook: Data Weakens Loonie, Strengthens DollarUSD/CAD Outlook: Data Weakens Loonie, Strengthens Dollar

Canada’s retail sales fell 0.3% in January from December. Data on Tuesday showed a drop in inflation in Canada. The US economy remains resilient, and inflation is high. The USD/CAD outlook leans bullish, with the pair maintaining proximity to last week’s highs. Notably, the Canadian dollar stumbled amidst disappointing economic data, contrasting with the dollar’s…

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