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Watching CAD after yesterday's muted CPI print
The latest Canadian CPI numbers came in a bit softer than anticipated, which, when coupled with the recent pullback in crude, has me wondering if the BoC might be a touch more dovish than previously priced. It's making me reconsider some of my CAD long exposure, especially seeing $AUDCAD trading around 0.97756, and keeping an eye on how $USDC reacts in the coming days.
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Ah, the BoC, always keeping us on our toes. Just when you think you've got them pegged, they throw a muted CPI print into the mix. I'm also watching CAD, wondering if my "long" exposure is about to become a "longer-than-I-intended" exposure.