FXEmpire | July 19 2013 9:25 EDT
The USD/CAD gained 5 pips today as the only top tier eco data was from Canada which showed some mixed inflation results. The pair is trading at 1.0382. Canadas dollar fell after a government report showed inflation in June remained below the Bank of Canadas 2 percent inflation target.
The loonie, as the currency is nicknamed, weakened against all of its 16 most-traded peers as the consumer price index rose 1.2 percent in June from a year ago, matching the median forecast of 23 economists.
The Bank of Canada has kept its key lending rate at 1 percent since September 2010. Bank of Canada Governor Stephen Poloz inserted a line in his monetary-policy report released July 17 saying near-record low interest rates are appropriate as long as there is significant economic slack in the economy, low inflation and households continue to repair their balance sheets.
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Economic Data July 19, 2013 actual v. forecast
Core CPI (MoM)
Core CPI (YoY)
Upcoming Economic Events that affect the CHF, EUR, GBP, CAD and USD
Government Bond Auction
Date Time Country
Jul 22 11:30 Germany
Jul 22 14:50 France
Jul 23 10:00 Holland
Jul 23 10:30 Spain
Jul 23 11:30 Switzerland
Jul 23 19:00 US
Jul 24 11:30 Switzerland
Jul 24 19:00 US
Jul 25 19:00 US
Jul 26 11:00 Italy
Jul 26 12:10
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Originally posted here