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Forex: USD/CAD collapses to 1.0156/58 after Canadian CPI

The USD/CAD has edged higher during European trading Wednesday, having peaked briefly ant an intraday high of 1.0197. The 1.0200 mark proved too much to summit however, and in the aftermath of Canadian economic data, the pair was collapsing towards the 1.0156/58 mark in these moments.
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Canada: Consumer Price Index beats consensus and rises 1.2% in February (MoM)

The Consumer Price Index in Canada beat consensus expectations of 0.8% and rose from 0.5% to 1.2% in February (YoY). The monthly figure rose 1.2% and beat expectations of 0.7%. The core figure increased its rising pace, from 0.1% to 0.8%.
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