United States Kansas Fed Manufacturing Activity: 11 (March) vs 10

USD/CAD: Bullish trend extends above fair value – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD continues to grind higher as haven demand for the US Dollar dominates, with the pair trading well above an estimated fair value of 1.3543.
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GBP: Retail sales setback but momentum holds – TD Securities

TD Securities expects UK Retail Sales for February to decline, projecting -0.6% month-on-month versus the market’s -0.7% and January’s 1.8%. They bank attributes the pullback to fading idiosyncratic supports and adverse weather weighing on physical store traffic.
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