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

Currently reading:
 RSS Canadian Dollar Weakens on CPI; Dollar Firm After Retail Sales

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,209
Likes
1,916
Credits
32,769©
Cash
0$
f-cad3.jpg


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.
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom