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Canadian Dollar Forecast: Inflation Beat, USD/CAD Continuing to Slide

DailyFx
 2021-10-20

Cover picture for the articleShort Positioning Suggests Pain Trade is Higher CAD. Headline Canadian CPI printed above expectations on both the monthly and yearly rates at 0.2% (vs 0.1%) and 4.4% (vs 4.3%) respectively. Meanwhile, the BoC’s preferred measure of inflation (average of median, trim and common CPI) rose to 2.67% from 2.56%. Rising price...

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