The USDCAD saw its downside accelerated after Canadian Wholesale Sales rebounded during the month of June, and it expanding 1.3% inter-month and then it reverted May’s contraction at approx. 0.9%. In the US economy, the aforesaid Initial Claims came in chiefly in line with market expectations at around 277K in the weekend on August 14 vs. 272K that was estimated initially.
Finger cross - if market condition remain the same? let's hope UC go back to at least = 1.31413