OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

CAD: August CPI likely in line with consensus - TDS

FXStreet (Delhi) – Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that the August CPI is the lone data release for Canada and we are in line with consensus looking for a flat month-over-month print on the headline measure, as falling gasoline prices will offset increasing price pressure elsewhere in the economy.

Key Quotes

“We look for core CPI to increase by +0.3% m/m (mkt +0.2%) on higher clothing, telecommunications, and auto prices. On a year-ago basis, inflate on in the all-items measure is expected to remain unchanged at +1.3% y/y (in line with consensus), while we forecast a deceleration in core inflation from +2.4% to +2.2% y/y (consensus: +2.1% y/y).”

“We do not expect this report to have a material impact on monetary policy, as the Bank of Canada has repeatedly argued that they do not view core CPI as an accurate proxy for underlying inflation.”

NZD/USD recovers post-FOMC losses, firmer above 0.6400

NZD/USD recovered post-FOMC losses and now consolidated to the upside in the mid-European session, as softer buck coupled with higher commodity prices underpin.
Mehr darüber lesen Previous

Normalisation appears increasingly imminent - Fidelity

Stephanie Sutton, Investment Director, US Equities, at Fidelity Worldwide Investment, suggests that normalisation appears increasingly imminent, with a first rate rise now likely in December after the Fed’s decision to keep rates on hold.
Mehr darüber lesen Next
Livechat starten