The Canadian Dollar (CAD) is broadly softer on Tuesday, falling across the board and deflating around a fifth of a percent against the US Dollar (USD) after Canadian Consumer Price Index (CPI) inflation eased further in April.
Canadian Dollar broadly lower as inflation tempers in April. Canada finds easing price pressures, odds of BoC June rate cut rise. Canadian Retail Sales due at the end of the week. The Canadian Dollar is broadly softer on Tuesday, falling across the board and deflating around a fifth of a percent against the US Dollar after Canadian Consumer Price Index inflation eased further in April. Markets are increasing their bets of a rate cut from the Bank of Canada in June.
The pair is still down from last month’s peak bids near 1.3850, but a long-term technical floor is priced in at the 200-day EMA from 1.3549.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Dollar loses ground below 1.3650 ahead of Canadian CPI dataThe USD/CAD pair trades in positive territory for the second consecutive day around 1.3630 on Tuesday during the early European session.
Read more »
Canadian Dollar gains ground against softening Greenback as US CPI inflation coolsThe Canadian Dollar (CAD) is broadly softer on Wednesday as one of the day’s weakest performers, but the CAD will have to settle for second-worst as the US Dollar (USD) broadly retreats following a cooler-than-expected print of US Consumer Price Index (CPI) inflation.
Read more »
Australian Dollar rises on upbeat CPI figures, subdued US DollarThe Australian Dollar (AUD) extends its winning streak for the third successive day after the release of the better-than-expected Consumer Price Index (CPI) data on Wednesday.
Read more »
Canadian Dollar steady on Monday, BoC CPI inflation around the cornerThe Canadian Dollar (CAD) is broadly higher on Monday, though momentum remains limited with Canadian markets shuttered for the Victoria Day holiday.
Read more »
Canadian Dollar skittish on Tuesday despite improving Ivey PMIThe Canadian Dollar (CAD) was broadly softer on Tuesday but stuck close to near-term technical levels as CAD markets shrugged off better-than-expected Ivey Purchasing Managers Index (PMI) figures from Canada.
Read more »
Canadian Dollar falls back on Tuesday amid broad-market Greenback biddingThe Canadian Dollar (CAD) eased against the Greenback on Tuesday after the American market session kicked the day off with a risk-off push after US wages outpaced expectations.
Read more »