The Canadian Dollar weakened against the Greenback, following Canadian CPI data release on Friday. The USD/CAD currency pair gained 71 pips, or 0.56%, to continue fluctuating in the 1.2880 area.
The Statistics Canada simultaneously released seven data sets, where Consumer Price Index came in line with economists expectations of 0.3% in month-to-month basis for the period of April.
However, USD/CAD currency change in the market was made due to other data releases, such as Core Retail Sales, which came lower-than-expected of negative 0.2%, instead of the forecast of 0.5% and 0.0% in the previous period.
