Analysis of Trade with Erste News - Ester Holdings

Analysis of Trade with Erste News

In the week from May 20 to 24, trading with Erste News took place on the publication of retail sales in Canada.

The report on retail sales in Canada showed an unexpected increase in consumption to annual highs, which increased the demand for the Canadian dollar, fully meeting expectations for movement in the currency pairs USD/CAD and EUR/CAD. As a result, according to the pairs, the monthly minimum was updated. But, due to the negative dynamics of the oil market and risk retention, the strengthening of the Canadian dollar was limited.

Hanzenko Anton

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