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Breaking Posted 2 hours ago

Israel-Hezbollah Ceasefire Agreed; Canada Retail Sales Miss Forecast

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Israel and Hezbollah agreed to a ceasefire, though early violations were reported with two killed in a drone strike in southern Lebanon. Canada's April retail sales came in at +0.5%, missing the +0.6% consensus. UK PM Starmer faces growing pressure to resign, with multiple cabinet ministers reportedly pushing for a departure timeline. The ceasefire reduces geopolitical risk, potentially weighing on safe-haven flows into USD and JPY. GBP/USD faces downside pressure on UK political uncertainty. USD/CAD traders should note the softer Canadian retail data, which could weaken the CAD marginally.
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