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We expect Canadian inflation numbers on Tuesday will show further signs of gradual easing in price pressures. Consumer price index growth should edge down to 2.6% year-over-year from 2.7% in April. That would mark the fifth consecutive month that annual price growth is within the Bank of Canada’s 1% to 3% inflation target range. Gasoline […]

The post May Data to Show Canadian Inflation on Downward Trajectory appeared first on Action Forex.

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10/04/2024

Canadian Dollar Calm Ahead of BoC Decision

The Canadian dollar is slightly lower on Wednesday. In the European session, USD/CAD is trading at 1.3559, down 0.09%. Bank of Canada expected to stay pat The Bank of Canada is widely expected to hold the cash rate at 5.0% at today’s meeting. The BoC’s rate policy has been “higher for longer”, with policy makers […]
26/08/2024

EUR/USD Dips as German Business Climate Falls

The euro is in negative territory on Monday. In the European session, EUR/USD is trading at 1.1156 at the time of writing, down 0.32% on the day. The euro posted strong gains on Friday, rising 0.73% and breaking above 1.12 for the first time since July 17. Dollar slides after Powell says Fed ready to […]
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EURJPY Wave Analysis

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