The annual inflation rate in Canada rose to 4.7% in October from 4.4% in September and compared to market forecasts of 4.6%, with base effects from last year still weighing. It was the highest inflation rate since 2003.
On a monthly basis, the CPI rose to 0.7% in October, from 0.2% in the previous month, in line with market forecasts.
USDCAD is testing upper limit of the triangle formation, should break higher occur upward move may accelerate towards resistance level at 1.2600. Source:xStation5
NOK surges following Norges Bank's rate hike
Economic Calendar: Markets Focused on German Data and Central Bank Speakers
BREAKING: Strong data from the German manufacturing sector!
Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD