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Canadian Dollar Forecast: USD/CAD Rebounds Ahead of Canada CPI
USD/CAD bounces back ahead of the monthly low (1.3489) to snap the series of lower highs and lows carried over from last week, but the update to Canada’s Consumer Price Index (CPI) may sway the exchange rate as the report is expected to show persistent inflation. Canadian Dollar Forecast: USD/CAD Rebounds Ahead of Canada CPI USD/CAD seems to be defending the opening range for September as it halts a five-day selloff, and the exchange rate may attempt to retrace the decline from the monthly high (1.3695) ahead of the Federal Reserve interest rate decision on September 20 as the uptick in the US Consumer Price Index ... (full story)