Bullish sentiment helps propel US Dollar-Canadian Dollar to 0.49% gain

A quick look at yesterday: USD/CAD rallied 66 pips and maintained the 1.354 level.

Nevertheless, data from Canada concerning Core Retail Sales was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.9% to -0.7% this month.

At the same time, United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5. Data from Canada concerning Retail Sales was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 1.6% to -0.2% this month.

Other currencies are also rising as GBP/NZD jumps 0.73% yesterday and closed at 2.0122. EUR/NZD leaps up 0.85% yesterday and closed at 1.7752. EUR/AUD went up by 0.94% yesterday, and closed at 1.6419.

The currency pair has been trending lower for about a month. After setting a supportive marker at 1.1321 around 5 months ago, US Dollar-Canadian Dollar is now trading 19% higher.