When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD? – by hareshmenghani Canada Inflation BOC USDCAD Currencies
The Consumer Price Index released by Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of CAD is dragged down by inflation. The Bank of Canada aims at an inflation range . Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive for the CAD.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/CAD drops below 1.3350 as USD Index loses bullish momentum, Canada Inflation eyedThe USD/CAD pair has slipped lower after displaying a back-and-forth action round 1.3360 in the early European session. The Loonie asset has sensed se
Leer más »
USD/CAD Price Analysis: All eyes on the US Dollar as price corrects in bear trendAs per the prior analysis, USD/CAD Price Analysis: Bears in control and eye lower to 1.3320, USD/CAD has remained in the hands of the bears although w
Leer más »
USD/CAD holds steady around 1.3365-70 area amid modest USD strength, remains below 200 DMAUSD/CAD holds steady around 1.3365-70 area amid modest USD strength, remains below 200 DMA – by hareshmenghani USDCAD Fed Bonds Majors Currencies
Leer más »
USD/CAD challenges 200-day SMA, around 1.3400 mark amid softer Oil prices/USD strengthUSD/CAD challenges 200-day SMA, around 1.3400 mark amid softer Oil prices/USD strength – by hareshmenghani USDCAD Recession Fed Bonds Currencies
Leer más »
USD/CAD Price Analysis: Shows signs of recovery, trades above the 200-DMAThe USD/CAD advances after bottoming last Friday at around 1.3300; the pair bounces off and hovers nearby the 1.3400 figure after reaching a high of 1
Leer más »
USD/CAD finds an intermediate cushion around 1.3380 ahead of Canada’s InflationThe USD/CAD pair has gauged an intermediate cushion after a gradual correction to near 1.3380 in the Tokyo session. The Loonie asset needs support for
Leer más »