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USD/CAD – Loonie rallies hard on inflation data

August 17, 2018 Dean Popplewell 0

Canadian headline inflation this morning beat market expectations and printed a seven-year high last month, while the measure of core-inflation remained relatively stable. Canada’s CPI rose +3.0% y/y, following a +2.5% rise in June. Market expectations were looking for a headline print of +2.5%. On a month-over-month basis, prices rose +0.5% in July, after advancing […]

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USD/JPY – Yen gains ground as greenback loses luster

August 17, 2018 Kenny Fisher 0

The Japanese yen has posted losses in the Friday session. In the North American session, USD/JPY is trading at 110.45, down 0.40% on the day. On the release front, Preliminary UoM Consumer Sentiment disappointed, dropping from 97.1 to 95.3 points. This missed the forecast of 98.1 points. There are no Japanese events on the schedule. After […]

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USD/CAD – Canadian dollar Jumps on Strong CPI

August 17, 2018 Kenny Fisher 0

The Canadian dollar has improved in the Friday session. Currently, USD/CAD is trading at 1.3082, down 0.56% on the day. On the release front, Canada’s monthly CPI was unexpectedly strong, climbing 0.5%. This easily beat the estimate of 0.1%. Other inflation indicators looked strong, with readings around 2.0%. There was more good news as Foreign […]