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Jan 11, 2024
Canadian Dollar softens further on Thursday as US CPI-inspired markets look elsewhere
The Canadian Dollar (CAD) is mostly lower on Thursday as broader markets pivot into safe haven currencies after US inflation from the Consumer Price Index (CPI) ticked broadly higher than markets were expecting, widening the gap between market hopes of a March rate cut and the Federal Reserve’s (Fed) current stance.
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Jan 11, 2024
Euro slips against Greenback after tough grind higher, knocked down by post-CPI momentum
The Euro (EUR) fell back against the US Dollar (USD) in the US market session after US Consumer Price Index (CPI) inflation figures broadly arrived higher than market forecasts, taking a chunk out of the Euro’s overall positive lean to the day.
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