Loonie Slips on Soft Inflation, Broader Market Stays Quiet as Traders Await Fed

Canadian Dollar is broadly lower in early US trading following weaker-than-expected inflation data. With CPI decelerating further than anticipated, this set of data provides BoC some breathing room to ease monetary policy more aggressively if necessary. The spotlight now shifts to the upcoming September employment report, which will be crucial in determining whether BoC sticks […] The post Loonie Slips on Soft Inflation, Broader Market Stays Quiet as Traders Await Fed appeared first on Action Forex.