-
USD/CAD limping ahead of US CPI
It has been a rather quiet day in FX with the lack of any major Eurozone or North American data to drive the markets. Although Trump took to twitter to again criticize the Fed, this had minimal impact on the markets. Many investors are looking forward to tomorrow’s publication of US Consumer Price Index (CPI) data in order to figure out whether the market’s interest rate projections are justified or unreasonably too low. If inflation turns out to be very subdued then we may very well see a rate cut at the FOMC’s July meeting. However, with the stock markets remaining near record highs, some would argue the Fed may ... (full story)