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USD/CAD softens below 1.4250 ahead of Canadian CPI inflation data

Summary by Bitcoin Ethereum News

The post USD/CAD softens below 1.4250 ahead of Canadian CPI inflation data appeared on BitcoinEthereumNews.com. USD/CAD drifts lower to around 1.4235 in Tuesday’s Asian session. Fed is likely to cut interest rates by 25 bps at the December meeting on Wednesday. BoC Governor Tiff Macklem said the central bank is preparing for a shock-prone’ future. The USD/CAD pair weakens to near 1.4235, snapping the three-day winning streak during the Asian tr…

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InvestingCube

USD/CAD Extends Gains as Traders Eye Key Canadian CPI Data - InvestingCube

The USD/CAD pair is sitting just below 1.4280 as traders gear up for the Canadian CPI data later today. The pair has seen a steady push higher in recent sessions, helped along by broad U.S. dollar strength and weaker demand for the Canadian dollar. Canadian CPI: The Market Driver The inflation figures from Canada are poised to be a significant challenge for the loonie. Markets are anticipating a milder outcome, and should that occur, it will str…

2 months ago

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news247planet.com

USD/CAD softens under 1.4250 forward of Canadian CPI inflation information

USD/CAD drifts decrease to round 1.4235 in Tuesday’s Asian session. Fed is prone to reduce rates of interest by 25 bps on the December assembly on Wednesday. Canadian Prime Minister Justin Trudeau confronted rising calls to resign, which could weigh on the CAD. The USD/CAD pair weakens to close 1.4235, snapping the three-day successful streak in the course of the Asian buying and selling hours on Tuesday. The Canadian November Shopper Price …

2 months ago

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