The American dollar is declining amid poor data on the US retail sales. On Wednesday the pair fell to the level of 1.1928, which are the five-month lows.
On Friday, important data for the pair is scheduled for release– this is the volume of sales in the manufacturing sector of Canada. This is a leading indicator, demonstrating economic state of the country. According to the forecast, the index will grow by 0.5%, which will trigger strengthening in the Canadian dollar.