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CAD Surges after CPI Beat Expectations, Dollar Corrects Lower

Started by PocketOption, Apr 20, 2022, 08:42 pm

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PocketOption

Apr 20, 2022, 08:42 pm
CAD Surges after CPI Beat Expectations, Dollar Corrects Lower

Canadian Dollar surges in early US session after much stronger than expected consumer inflation data, which supports more aggressive tightening by BoC. Other commodity currencies are also strong. On the other hand, Dollar is trading broadly lower as recent rally lost momentum, in particular against Yen. Euro is also soft, together with Sterling and Swiss […]


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