Consumer prices in Canada

• Core consumer price index (CPI) (m / m) (Aug), fact 0.1%, previous value 0.2%.
• Core retail sales index (m / m) (July), fact 0.9%, forecast 0.6%.
• Consumer price index (CPI) (m / m) (Aug),  fact  -0.1%,  forecast  -0.1%.

Data on consumer prices in Canada turned out to be very restrained in August. The Canadian dollar was supported by growing for the fourth consecutive month data on retail sales.

Fig. 1. Canadian Retail sales index chart

As a result, the  USD/CAD pair accelerated the decline, but was limited by oversold and very restrained data on consumer prices in Canada, remaining above the psychological support of 1.2900, breaking through which will open the way to the levels: 1.2850 and 1.2820.

Fig. 2. USD/CAD chart. Current price – 1.2900

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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