1.386
Today
-0.06%
5 Days
-0.52%
1 Month
-1.28%
6 Months
+1.65%
Year to Date
+0.99%
1 Year
+0.30%
Opening Price
1.387Previous Closing Price
1.387Brown Brothers Harriman’s (BBH) Elias Haddad expects Canada’s July Consumer Price Index (CPI) to keep core inflation below 2%, reinforcing an extended Bank of Canada (BoC) pause.
Canada’s July Consumer Price Index (CPI) figures will be the focus of attention when published on Monday.
TD Securities’ Robert Both and Emma Lawrence highlight that markets are watching Canadian CPI and potential US Section 338 tariffs on CAD exports. They expect headline CPI at 2.9% year-on-year in July with core at 1.85%, and see retail sales flat in June.
The USD/CAD pair edges lower to around 1.3860 during the early European session on Monday. The US Dollar (USD) extends the decline against the Canadian Dollar (CAD) as traders pare bets on the US Federal Reserve (Fed) rate hikes.
USD/CAD extends its losses for the third consecutive day, trading around 1.3870 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) declines amid weaker-than-expected US economic data and shifting central bank expectations.
USD/CAD extends its decline farther below 1.4000 on Friday and heads for a third consecutive weekly loss. At the time of writing, the pair trades around 1.3877, at levels last seen in early July.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The downside prevails as long as 1.3899 is resistance, with 1.3843 and 1.3830 as targets
above 1.3899, look for 1.3920 and 1.3932.
The downside prevails as long as 1.3899 is resistance, with 1.3843 and 1.3830 as targets
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