BREAKING: Canadian producer inflation heats up 📈

13:30 BST, Canada – July inflation data:

Industrial Product Price Index (IPPI): current 2.6% y/y; previous 1.9% y/y
Industrial Product Price Index (IPPI): current 0.7% m/m; forecast 0.3% m/m; previous 0.5% m/m

USDCAD briefly dropped below EMA30 on M30 interval, though hawkish undertone of higher than expecteded IPPI quickly brought the price back to today's highs.

Source: xStation5

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