The Canadian dollar declined from early morning session’s uptrend against major rivals in New York afternoon trading on Friday. According to a report released by the Statistics Canada today, the Canadian retail sales rose by 0.7 percent to a C$35.7 billion total in January from previous month’s revised increase of 0.5 percent.
The Statistics Canada also said that the Consumer Price Index or CPI advanced by 0.4 percent in February after gaining by 0.3 percent in January. On an annual basis, consumer prices was set at a 1.6 percent increase over the February 2009 level following a 1.9 percent annual increase in January.
After hitting new multi-month highs of 1.0060 at about 8:50 am ET, the loonie reversed its direction versus the US dollar in New York mid-day deals today. As of now, the pair is worth 1.0160, compared to 1.0105 hit late New York Thursday.
The loonie traded down against the euro in afternoon deals from early morning session’s multi-year high of 1.3632, today. The pair that closed Thursday’s New York session at 1.3802, is now at 1.3755.
Against the Japanese yen, the loonie edged down in today’s afternoon trading, after hitting a new multi-month high of 90.15 by about 8:30 am ET. Currently, the loonie is trading at 89.11 versus the yen.
The loonie that hit a 2-week high of 0.9260 versus the Australian dollar at about 8:30 am ET, ticked down in New York afternoon trading today. At present, the Canadian currency is worth 0.9312 versus the Aussie.