Canadian pairs lower ahead of CPI data
Set for release at the US market open, Canadian core CPI is expected to post a 0.2% level, down from its previous level of 0.8%. CPI is also expected to slow to 0.2%, down from its previous level of 1.2%.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
USDCAD 1.0252 +0.16%, CADCHF 0.9071 -0.09%, EURCAD 1.3416 +0.07%, CADJPY 96.83 -0.05%, NZDCAD 0.8677 +0.01%, GBPCAD 1.5727 +0.00% and AUDCAD 1.0595 +0.00%.
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