Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Will the Canadian monthly CPI boost the CAD?
Canadian monthly CPI is announced on Wednesday at 15:30 MT time.
Instruments to trade: USD/CAD, NZD/CAD, GBP/CAD, CAD/JPY
April’s CPI in Canada plunged to -0.2% in April after a step down to 0.9% the month before. Before, an average of 2% was a commonly expected price level. Now, all hopes are on the May release: observers are looking for signs of recovery in the Canadian economy, and the increase in the level of prices would indicate that things are improving. The market will be careful with setting its estimates for the coming release hence even a slight difference into the positive zone will make this indicator boost the CAD in the short-term.
- If the CPI shows improvements, the CAD will rise.
- If the CPI is depressive, the CAD will fall.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.