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BREAKING: USDCAD ticks higher after CPI reading from Canada

1:33 PM 20 August 2024

Canada - Inflation Data for July:

  • Trimmed CPI: Actual: 2.7%; YoY forecast 2.8% YoY; previous 2.9% YoY;
  • Median CPI: Actual: 2.5% YoY; forecast 2.5% YoY; previous 2.6% YoY;
  • CPI: Actual: 2.5% YoY;  forecast 2.5% YoY; previous 2.7% YoY;
  • CPI: Actual: 0.4% MoM; forecast 0.4% MoM; previous -0.1% MoM;

Although the data came in almost in line with expectations, the slightly lower readings put pressure on the CAD in the short term.  Source: xStation 

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