Canadian CPI data for March was released at 1:30 pm BST today. Report was expected to show headline measure accelerating slightly from 2.8% to 2.9% YoY. On a monthly basis, market expected 0.7% MoM increase, following a 0.3% MoM increase in February.
Actual data turned out to be slightly dovish. While annual headline CPI accelerated in-line with expectations, the monthly print turned out to be slightly lower than expected. Annual core inflation measures also showed unexpected slowdown.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือCanada, CPI data for March
- Headline (annual): 2.9% YoY vs 2.9% YoY expected (2.8% YoY previously)
- Headline (monthly): 0.6% vs 0.7% MoM expected (0.3% MoM previously)
- Core CPI (annual): 2.0% YoY vs 2.1% YoY previously
- Core CPI (monthly): 0.5% vs 0.1% MoM previously
Canadian dollar took a hit following the release. EURCAD surged over 0.3% following the release. Taking a look at the chart at 30-minute interval, we can seen that the pair jumped above 200-period moving average (purple line) and climbed to the highest level in a week.
Source: xStation5
