USD/CAD: Weak Canadian inflation to put selling pressure on the Loonie – Commerzbank USDCAD Canada CPI Inflation Banks
report. Weak figures could weigh on the Loonie, but losses should be limited, economists at Commerzbank report.“Today’s Canadian inflation data for December might form the last piece of the jigsaw in the Bank of Canada’s decision next week as to if it will hike its key rate, and if so by how much. The market largely expects 25 bps, but also sees a chance of unchanged key rates.”
against the USD. On the other hand, the US dollar is not in particular demand at present either so the CAD losses should be limited.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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