Canadian Dollar softens on Monday, investors looking to Tuesdays Canada CPI inflation
Pananalapi Ang Canadian Dollar ay lumambot sa Lunes, ang mga mamumuhunan ay tumitingin sa Canada CPI inflation ng Martes Balita ng Ethereum ng Bitcoin The Canadian Dollar is trading steady as markets chew a quiet Monday. CPI inflation in Canada is slated for Tuesday, Retail Sales at the end of the week. Crude Oil is continuing to push higher, bolstering the CAD. The Canadian Dollar (CAD) is leaning into the low side in quiet Monday trading as markets churn on US Dollar (USD) bets, but Loonie losses appear limited by rising Crude Oil bids. Consumer Price Index (CPI) inflation figures from Canada are due on Tuesday, and Canadian Retail Sales are on the docket for Friday. Tuesday will also be seeing the Federal Reserves (Fed) latest Federal Open Market Committee (FOMC) Meeting Minutes. Daily Digest Market Movers: Canadian Dollar softly higher on quiet but softly optimistic Monday Tuesdays Canadian CPI figures to be the focus for Loonie traders. Markets are expecting a slight uptick in the MoM figure, 0.1% for October compared to Septembers -0.1%. Annualized Canadian CPI inflation expected to cool slightly, print at 3.6% versus the previous 3.8%. With broader markets largely focused on the US Dollar, the Feds Meeting Minutes release on Tuesday could see added focus. Markets are betting