Forex - USD/CAD Flows: Looks heavy ahead of CPI, but recent sharp moves have been up


 11:11 (GMT) 22 Sep

  [Forex Flows]

Sample Premium Content
USD/CAD Flows: Looks heavy ahead of CPI, but recent sharp moves have been up (0100-SVRF-C01)

USD/CAD has moved lower over the European morning, the USD a shade softer overall and lending a hand, although crude is proving something of a fickle friend as it is struggling for overall direction today, albeit in a narrow range. Canadian CPI this afternoon is expected to be relatively unchanged on the various core measures despite an expected rise in the headline rate to 1.5% from 1.2%, and while that might be expected to push USD/CAD lower it's hard not to notice that recent sharp moves in USD/CAD have been to the upside, probably a reflection of positioning.


CurrenciesCountriesMarket Bulletins