Today, macro reading from the US fuelled a perspective of disinflationary effects in the economy, with both import and export prices falling faster than expected.
- US Import prices: -0.4% vs -0.1% exp. and 0.9% previously
- US Export prices: -0.6% vs 0.1% exp. and 0.5% previously
Canadian wholesale and manufacturing data came in also weaker than expected
- Canadian wholesale came in 2.4% vs 2.8% exp. and 1.1% previously
- Canadian manufacturing sales came in 1.1% vs 1.2% exp. and -2.1% previously
The USD strengthened against the Canadian dollar after mixed reading from the Canadian economy suggesting lower wholesale and industrial sales.
Source: xStation5
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