1:11 PM · 25 June 2024

Canadian inflation higher than expected. USDCAD loses

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Canadian CPI for May came in 2.9% YoY vs 2.6% exp. and 2.7% previously

Monthly inflation data came in 0.6% vs 0.3% exp. and 0.5% previously
Canadian dollar jumped after today data and we can see a sell-off on USDCAD pair.

Source: xStation

Source: XTB Research, Statistics Canada, Bloomberg Finance L.P.

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Losses can exceed deposits

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