EUR/CAD could extend drop

Today is fairly light on the data front. The only notable exception will be Canadian inflation and retail sales figures, which will be released later at 13:30 BST (08:30 EDT). CPI inflation is expected to have risen in April by another 0.3% like it did in March. Meanwhile, retail sales are also expected at have risen by 0.3% month-over-month in March, while core sales, which exclude automobiles, are expected at have risen 0.5% after the previous month’s disappointing flat reading.

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From:: Resource Investor