The Canadian Dollar (CAD) shed weight on Wednesday as investors take a second look at Canadian Consumer Price Index (CPI) inflation figures released earlier in the week.
The Canadian Dollar backslid as investors take a closer look at inflation data. Canada gets a fresh rate call from the BoC next week. After a brief soft patch in Canadian inflation, BoC may have cut rates prematurely. The Canadian Dollar shed weight on Wednesday as investors take a second look at Canadian Consumer Price Index inflation figures released earlier in the week.
3700 The Canadian Dollar broadly lost ground on Wednesday, falling one-fifth of one percent against the US Dollar , and shedding four-tenths of one percent against the Euro and the Pound Sterling . Elsewhere, broad recoveries in the Japanese Yen and Swiss Franc means the CAD gives up ground to the day’s strong performers, falling -1.55% and 1.25%, respectively. USD/CAD has been given a leg back up into the 1.
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