Fx Trading:Asian central bank sales seen in USD/CAD again

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Here you will find detailed info about currency trading and Forex training, currency exchange and online Forex trading platform.Selling from an Asian central bank has been a steady theme in recent sessions, helping keep USD/CAD anchored on the 1.16-handle. Most of the selling is seen as M&A related as China makes investments in Canadian raw materials producers. Canada has had a mixed bag of data today:

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Trade Forex:Canadian Retail Sales much weaker than expected

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Get breaking Forex News, real time forex market analysis, current trading strategies, plus a global economic calendar here.A poor set of data out of Canada with Retail Sales falling 0.8 % in Apr and down 0.5% ex Autos too.  A quick 15 point rally in Usd/Cad to 1.1275 has been quickly reversed, as Oil continues to look strong.

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