RSS Canadian Dollar Weakens on CPI; Dollar Firm After Retail Sales

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 RSS Canadian Dollar Weakens on CPI; Dollar Firm After Retail Sales

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Canadian Dollar trades broadly lower today while commodity currencies are generally soft. Canada’s CPI report reinforced the outlook of stable inflation hovering around target. BOC has likely completed its aggressive rate-cutting phase and pauses in policy easing are anticipated at some meetings next year. Nonetheless, the direction remains clear: further rate reductions are expected to […]

The post Canadian Dollar Weakens on CPI; Dollar Firm After Retail Sales appeared first on Action Forex.
 
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