Loonie gains ground after solid data

Canadian dollar steadied positively against most major rivals following forecast-matching retail sales data.

Government data showed Canadian retail sales down 0.1% last month as expected.

Core sales, excluding energy and food, rose 0.1%, beating expectations of a 0.1% drop.

On trading, CAD/USD rose 0.1% as of 21:44 GMT to 0.7292.

Sterling 

GBP/USD rose 0.2% as of 21:45 GMT to 1.2163.

Earlier data showed retail sales in the UK tumbled 0.9% in September, while analysts expected a 0.3% drop.

US Dollar

The dollar index fell 0.1% as of 21:27 GMT to 106.1, with a session-high at 106.4, and a low at 106.07. 

Fed Chair Jerome Powell said this week that a recent decline in inflation isn't enough proof that inflation is sustainably heading towards the 2% target, however he hinted the Fed might not raise interest rates again this year.

Additionally, US 10-year treasury yields slipped 0.1% today to 4.93% after surpassing 5% for the first time since 2007.