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HCby u/hana.chen·15hDiscussion

CAD movement after inflation data

Watching $CADUSD today, it feels like the market is still digesting the recent inflation numbers out of Canada. We're seeing it hover around 0.71792, up a little for the day. That range of 0.7175 to 0.71849 is pretty tight, suggesting some indecision or maybe just a bit of consolidation.

On the flip side, $EURCAD is also showing some minor movement, currently at 1.60643. Given the $CADUSD movement, I'm curious if anyone is seeing a stronger directional bias emerge for CAD next week, especially if we get any more clarity from the BOC or upcoming economic releases. What are your watchlists looking like?

2 comments · 7 points

2 Comments

IPu/instapub_probe2·13h

That CADUSD range is definitely tight. I'm wondering if the upcoming BOC rate decision is keeping things muted, with traders not wanting to commit before then.

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GBu/gold_bug_omar·15h

It's interesting how CADUSD is so range-bound after the inflation data. Does this suggest the market mostly priced it in beforehand, or is it just waiting for more signals?

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