US wholesale inventories rise 0.4% in April

FXStreet (Córdoba) - US wholesale inventories rose 0.4% in April, according to the US Commerce Department. The reading was above expectations of a 0.2% increase and follows a 0.1% gain in March.

Wholesale sales rose 1.6% in April, following a fall of 0.3% in March.

USD/CAD extends decline to 1.2315; fresh June lows

The US Dollar is extending its decline against the Canadian Dollar as the pair is under pressure amid DXY weakness. After falling 120 pips from 1.2440, the USD/CAD is now testing lows since May 26 at 1.2315.
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Oil supply risk overshadowing bullish EIA numbers – KBC

The KBC Bank Research Team comments on the key developments in the oil market.
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