HSBC is expected to cut interest rates by 25 basis points this week, and the US and Canada are expected to break through 1.3750 and reach 1.3900!

In the survey from July 16th to 19th, nearly three-quarters of the surveyed economists expected the Bank of Canada to cut interest rates by 25 basis points on Wednesday this week. The surveyed economists also predict that the Bank of Canada will pause its easing cycle at the September meeting, and then resume interest rate cuts in October and December. Forex analyst Saqib Iqbal pointed out that if the USD/CAD breaks through the 1.3600 support and 1.3750 resistance range, it will return to the key level of 1.3900.

FX678 FinanceJul 21 22:23 ET

Canada Producer Prices Flat in June, Raw Material Costs Slide

Excluding energy products, producer prices edged up 0.1% on-month, the data agency said Friday.

WSJJul 19 10:55 ET

U.K. Retail Sales Tumbled as Consumers Showed Election Caution -- Update

U.K. shoppers turned away from retail outlets last month, after highs in May, amid election jitters and poor weather.

WSJJul 19 03:11 ET

Pound Sterling Declines After Weak UK Retail Sales Report

The Pound Sterling (GBP) extends its correction against majority of its peers in Friday’s London session.

FXStreetJul 19 03:10 ET

Canadian Dollar Gives a Mixed Thursday Performance

The Canadian Dollar (CAD) recovered some ground in mixed trading on Thursday but still shed weight against the Greenback, the market’s best-performing currency of the day.

FXStreetJul 18 12:44 ET

Canada Unemployment Rate Expected To Peak at 6.6% -- Market Talk

CIBC Capital Markets revises its economic forecast for Canada, with the most notable change being an uptick in the unemployment rate.

WSJJul 18 10:25 ET