- USD/CAD has gauged an intermediate cushion around 1.3380 as focus shifts to Canada’s Inflation.
- Stubborn US core inflation is still a cause of worry for Fed policymakers.
- A continuous decline in Canada’s inflation will allow the BoC to keep rates steady.
The USD/CAD pair has gauged an intermediate cushion after a gradual correction to near 1.3380 in the Tokyo session. The Loonie asset needs support for a confident recovery to defend further downside. A supportive move to the Loonie asset has come from the US Dollar Index (DXY), which has also found a cushion near 102.00.
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