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UK inflation surprises to the downside - BNP Paribas

FXStreet (Łódź) - BNP Paribas economist Catherine Stephan comments on the disappointing August UK CPI numbers, showing a slowdown to 1.2% y/y from 1.5%.

Key quotes

"Prices for transport and recreation and culture played a key role."

"Inflation should remain below the Bank of England 2% target in the coming months."

USD/JPY rebounds but fails sustain above 107.00

USD/JPY rebounded and climbed to 107.17 but it was unable to hold above 107.00 and pulled back, as stocks in Wall Street move off session highs.
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USD/CAD unable to sustain gains above 1.1250

The USD/CAD's rally from 1.1190 priced overnight climbed to break above 1.1250 and to trade as high as 1.1260 where the pair found selling interest just at the US American opening; however, the pair is trading back now at 1.1220.
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