CANADIAN DOLLAR FLAT AGAINST GREENBACK IN THIN MONDAY SESSION, US CPI INFLATION IN THE BARREL
- Markets are trading on the thin side as investors await key inflation print.
- Canada has a lean schedule on the economic calendar this week.
- CAD is softly higher across the board on quiet Monday but stuck on USD.
The Canadian Dollar (CAD) had a mild recovery on a quiet Monday, trading into the green against most of its major currency peers as broader markets hunkered down and waited for a push from US Consumer Price Index (CPI) inflation figures slated for Tuesday. Despite moderating into the high side overall, the CAD is stuck close to the day’s opening bids against the US Dollar (USD).
Canada is underrepresented on the economic calendar this week and sees strictly low-tier data releases in the back half of the trading week with Thursday’s January Manufacturing Sales and Friday’s Housing Starts for February. This week’s key data prints will be US CPI inflation for February, which is expected to ease slightly. Thursday will also bring US Retail Sales and a Producer Price Index update.
- Markets are trading on the thin side as investors await key inflation print.
- Canada has a lean schedule on the economic calendar this week.
- CAD is softly higher across the board on quiet Monday but stuck on USD.
The Canadian Dollar (CAD) had a mild recovery on a quiet Monday, trading into the green against most of its major currency peers as broader markets hunkered down and waited for a push from US Consumer Price Index (CPI) inflation figures slated for Tuesday. Despite moderating into the high side overall, the CAD is stuck close to the day’s opening bids against the US Dollar (USD).
Canada is underrepresented on the economic calendar this week and sees strictly low-tier data releases in the back half of the trading week with Thursday’s January Manufacturing Sales and Friday’s Housing Starts for February. This week’s key data prints will be US CPI inflation for February, which is expected to ease slightly. Thursday will also bring US Retail Sales and a Producer Price Index update.
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