USD/CAD continues its attempts to settle above the resistance level at 1.2590.
The Canadian dollar edged lower against its U.S. counterpart on Friday, but was on track to end a volatile week slightly higher as global equity markets rose and a preliminary estimate showed Canadian retail sales recovering in June. Since the start of the week, the Canadian currency has gained 0.2%, after three weekly declines.
It’s a busy day ahead on the economic calendar. Prelim private sector PMIs for July are due out. For the Loonie and the Pound, retail sales figures will also influence.