USD/CAD drops below 1.4000 as Canadian retail sales beat expectations

Canadian retail sales rose 1.2% to $74.6 billion in August, with volumes also up 1.2%, lifting the Canadian dollar and pushing USD/CAD under the 1.4000 level.

Canadian retail sales rose 1.2% to $74.6 billion in August, with volumes also up 1.2%, lifting the Canadian dollar and pushing USD/CAD under the 1.4000 level.

New Zealand's yearly consumer price growth eased to 3.7% in the third quarter, down from 4.1% and short of both the 3.8% consensus call and the RBNZ's own 3.9% forecast, pushing the New Zealand dollar lower against the greenback.