OctaFX | OctaFX Forex Broker
Open trading account
Back

Canada: February CPI broadly as-expected – RBC Economics

Canadian February CPI came broadly as-expected, +2.2% year-over-year, Nathan Janzen from the Royal Bank of Canada briefs. USD/CAD is trading at 1.443.

Key quotes

“In the latest backward-looking economic data, Canadian CPI was broadly as-expected in February rising 0.4% month-over-month and 2.2% from a year ago.” 

“Headline CPI could easily test the lows seen over the last five years (sub-1% in 2015).” 

“For the Bank of Canada, all of this means little in the near-term. Lower inflation means the central bank won't feel conflicted about adding stimulus, but supporting the economy through this shock would have been its top priority anyways.”

 

USD/JPY refreshes session tops, bulls eyeing a sustained move beyond 108.00 mark

The USD/JPY pair refreshed session tops in the last hour, with bulls now looking to extend the momentum further beyond the 108.00 round-figure mark. D
Read more Previous

EUR/USD: Piercing a relevant support level at 1.0950

The EUR/USD pair is trading at fresh weekly lows, bearish according to intraday charts, as FXStreet’s Valeria Bednarik notes. Key quotes “The 4-hour c
Read more Next
Start livechat