BREAKING: Canada inflation rate below expectations

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Canadian inflation data was released at 1.30pm BST. Annual inflation decreased to 0.1% y / y from 0.7% y / y, although inflation was expected to increase to 0.6% y / y in July. In monthly terms, inflation was 0.00 % MoM from 0.8% MoM, while analysts expected 0.4% increase.

USDCAD saw relatively small reaction to today’s data releases and the currency pair continued to trade around 1.3150 level. Source: xStation5

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