CANADIAN DOLLAR FINDS MONDAY FOOTHOLD AGAINST GREENBACK... hagijeee から-フォローミートレーディングコミュニティ

20 Aug 2024, 14:27 · Views 109

The Canadian Dollar gained ground against the US Dollar, but fell elsewhere.
Canada set to deliver the latest round of CPI inflation figures on Tuesday.
Jackson Hole looms large later in the week.

The Canadian Dollar (CAD) broadly shed weight on Monday, declining across the board except for a firm performance against the US Dollar, rising one-third of one percent against the softening Greenback. Market flows into and out of the CAD remain subdued as investors buckle down for the long wait to the Jackson Hole Economic Symposium set to kick off later this week.

Canada’s latest inflation print is due on Tuesday, with headline Consumer Price Index (CPI) inflation forecast to tick lower in July, while core CPI is expected to accelerate in a price growth bump after contracting the previous month. The Bank of Canada’s (BoC) own core CPI inflation tracker last printed 1.9% YoY in June.

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