What will happen? Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30…
|CPI (Consumer Price Index) is the main inflation indicator. As inflation affects monetary policy of a central bank, there are no doubts that traders should pay attention to CPI releases. The Bank of Canada continues to keep the interest rate unchanged. To raise the key rate the central bank needs a push from the economic data. If the CPI is greater than the forecast, the CAD will appreciate. Look at the CPI data at 15:30 MT time on May 18 to trade the Canadian dollar.|
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).