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Canadian inflation highlights the economic calendar

Started by forex4you, Feb 20, 2024, 06:25 pm

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Canadian inflation highlights the economic calendar

The holiday-shortened week comes to life today with the US and Canada back from holidays.

The agenda is light owing to a lack of US economic data and Fed speakers but Canada is out with some top tier data at the bottom of the hour. January CPI is expected up 0.4% m/m and 3.3% y/y.

Last month's report was a mixed bag with the core numbers running mostly higher but the overall trend has continued to improve. The market is pricing in a 19% chance of a cut at the March meeting, steadily rising up to a full cut priced in for the July 24 meeting. Expect that to shift based on today's data.

USD/CAD was last at 1.3479.



                This article was written by Adam Button at www.forexlive.com.

Source: Canadian inflation highlights the economic calendar

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