Canadian Dollar Slumps as Inflation Miss Heightens BoC 50bps Cut Expectations
Canadian Dollar weakens broadly decline in early US session following weaker-than-expected inflation data. The drop in headline CPI, driven primarily by falling gasoline prices, was steeper than anticipated. However, core inflation measures, especially the closely-watched CPI common, remained near 2% level. This further solidifies expectations that BoC would accelerate its policy easing, with a 50bps […] The post Canadian Dollar Slumps as Inflation Miss Heightens BoC 50bps Cut Expectations appeared first on Action Forex.
Canadian Dollar weakens broadly decline in early US session following weaker-than-expected inflation data. The drop in headline CPI, driven primarily by falling gasoline prices, was steeper than anticipated. However, core inflation measures, especially the closely-watched CPI common, remained near 2% level. This further solidifies expectations that BoC would accelerate its policy easing, with a 50bps […]
The post Canadian Dollar Slumps as Inflation Miss Heightens BoC 50bps Cut Expectations appeared first on Action Forex.
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