img CDN
img AUS
img NZ
img US
Call us now: 1.844.363.7297
imgOnline Dealing Login

USD/CAD Moves lower on Lackluster US Inflation Data; Oil Prices Fall on Oversupply Worries

Published August 11, 2017
  • The US dollar is under sharp pressure this morning after data on US inflation came in under expectations; both Consumer Price Index and Core Consumer Price Index levels showed a reading of 0.1% versus expectations of 0.2%
  • USD/CAD has settled in the high 1.2600s this morning as the market continues to react to today’s data; investors will look to see what the Fed’s take on the data when FOMC members Robert Kaplan and Neel Kashkari speak later this morning
  • US – North Korea tensions remain high as US President Donald Trump reiterated aggressive comments towards Kim Jong-un’s regime; US stocks endured their largest drop since May 2017 as global markets maintain a risk off sentiment
  • Oil prices are set to drop nearly 3% this week as global supply glut worries continue to plague the market; prices are set to change again when US data on active rigs is released later today