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USD/CAD: Trading the Canada Inflation Reports

From capitaltrustmarkets.com

Canada Inflation The Bank of Canada (BoC) is due to release the inflation reports today. According to median projection of different analysts, the Consumer Price Index (CPI) –a main measure for inflation—increased to 1.4% in March as compared to 1.1% in the same duration of the year before. Similarly, the Core CPI—relatively more accurate measure for inflation—also ticked up by 1.3% last month as compared to 1.2% in the same month of the year before, better than forecast actual readings will be seen as bearish for USD/CAD and vice versa. Trade Ideas If the Canadian inflation reports come better than expectations, ... (full story)

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  • Category: Breaking News