USD/CAD Price Analysis: Struggles near two-week low/50-DMA ahead of Canadian CPI
USD/CAD languished near a two-week low amid the prevalent USD selling bias. Softer crude oil
Canadian CPI Preview: Forecasts from six major banks, inflation continued to heat up in June
Statistics Canada will release June Consumer Price Index (CPI) data on Wednesday, July 20 at
Canadian dollar: Forecasts from five major banks, best G10 currency only means modest recovery
The CAD weakened in June along with nearly all G10 currencies. As we enter the
Canada: Unemployment Rate declines to 4.9% in June vs. 5.1% expected
Unemployment Rate in Canada fell unexpectedly in June. USD/CAD trades in positive territory above 1.3000
Canada: Sharp widening in the trade surplus – CIBC
Data released on Thursday showed an increase in the trade surpluses from CAD 2.17 billion to
Canada: Broadly based price pressures makes a 75bp hike a near certainty – CIBC
Inflation in Canada reached in May levels not seen since 1983. Analysts at CIBC point
Canada: Retail sales to moderate amid inflation and higher rates – NFB
Data released on Tuesday showed retail sales in Canada rose 0.9% on April, surpassing expectations,
Canada: Retail Sales rise by 0.9% in April vs. 0.8% expected
Retail Sales in Canada rose more than expected in April. USD/CAD trades in negative territory
USD/CAD: Dips are likely hard to sustain – TD Securities
On Wednesday, inflation data from Canada will be released. Market consensus sees a 1% increase
Canada: Employment data adds pressure on the BoC – CIBC
Economic data released on Friday showed the jobs in Canada rose by 39,800 in May,