19 Jul 2013
USD/CAD wavers after Canadian CPI
FXstreet.com (Córdoba) - The USD/CAD oscillated but remained within its recent range after data showed Canadian consumer prices came in mostly in line with expectations.
USD/CAD trades flat on the day
USD/CAD wavered between 1.0360 and 1.0385 but investors refrained from taking big positions and the pair was left at mid-range around 1.0375/80, where it is virtually unchanged on the day.
Canada's inflation figures
Canadian CPI accelerated in June to a 4-month high of 1.2% YoY, but remained well below the BoC's 2% inflation target. On monthly basis, the CPI was flat following a 0.2% increase in May. Meanwhile, the core rate, which excludes some energy and food costs, dropped 0.2% MoM, and was up 1.3% YoY.
USD/CAD trades flat on the day
USD/CAD wavered between 1.0360 and 1.0385 but investors refrained from taking big positions and the pair was left at mid-range around 1.0375/80, where it is virtually unchanged on the day.
Canada's inflation figures
Canadian CPI accelerated in June to a 4-month high of 1.2% YoY, but remained well below the BoC's 2% inflation target. On monthly basis, the CPI was flat following a 0.2% increase in May. Meanwhile, the core rate, which excludes some energy and food costs, dropped 0.2% MoM, and was up 1.3% YoY.