CAD sees little reaction to Canadian PPI inflation data

12:35 PM March 17, 2023

Producer prices in Canada went down to -0.8% MoM in February,  from 0.4% in January and against market expectations of a 0.4% rise. On an annual basis PPI dropped to 1.4% from 5.4% in previous month.

USDCAD saw relatively small reaction to today’s data PPI release. Currency pair continued to trade above 1.3700 level. Source: xStation5

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

 

Share:
Back

Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits