The Canadian Dollar (CAD) settled into familiar territory in the midrange on Tuesday after unimpressive Canadian Consumer Price Index (CPI) inflation data failed to spark a bid in CAD flows.
The Canadian Dollar churned in familiar territory on Tuesday. CPI inflation data from Canada did little to spark faith in CAD. Looming Fed rate call pushes markets into standby mode. The Canadian Dollar settled into familiar territory in the midrange on Tuesday after unimpressive Canadian Consumer Price Index inflation data failed to spark a bid in CAD flows. The Fed eral Reserve’s rate call due on Wednesday looms large over global markets, quashing any one-sided moves in market flows.
Greenback bidders remain unable to muscle the US Dollar over the key technical level, but a lack of bullish interest in the CAD has left the Loonie pairing to spin circles.
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