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Sep 19 - 07:55 AM

USD/CAD - Break Below 200-DMA Keep Bears In Control Ahead Of CPI

By Justin Mcqueen  —  Sep 19 - 06:15 AM
  • Oil prices continues grind higher, keeping USD/CAD under pressure

  • CAD quietly outperforms G10 counterparts as oil, US growth underpins

  • Break below 200-DMA (1.3464) opens door to 1.3400-10

  • Event risk: Canadian CPI at 1330BST; 3.8% expected, up from 3.3%

  • Core CPI (Avg trimmed/median) in focus for BoC, 3M annualised at 3.4-3.6%

  • Hot CPI likely to keep door open to final BoC hike by year-end

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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