CAD slide continues - BBH

Research Team at BBH, suggests that despite better than expected retail sales and a little firmer consumer prices, the Canadian dollar fell before the weekend. 

Key Quotes

“The 5.5% slide in the front month oil futures contract to its lowest since May didn't do the Loonie any favors.  The US dollar rose to the upper end of its three-month trading range near CAD1.3180, which also corresponds to a 38.2% retracement of the US dollar's fall since late-January.  The 200-day moving average is found near CAD1.3315 and the 50% retracement of the greenback's early drop is found near CAD1.3400.  Initial dollar support is seen near CAD1.3050.”