A hotter Australian inflation print that keeps a September RBA hike live, combined with Canada’s newly specified tariff retaliation against the US, are pushing AUD/CAD toward parity — a cross that expresses both stories more cleanly than either pair does against the Dollar.
The post Hot Australian CPI, Canada Tariff Retaliation — Is AUD/CAD Ready to Break Parity? appeared first on ActionForex.
Australia’s headline CPI eased from 3.8% to 3.5% y/y in July, but still came in above 3.2% consensus. Monthly CPI rose 1.0% m/m, after a -0.1% decline in June, also slightly above 0.9% expected. More Read more…
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Key takeaways PCE release focus: The Bureau of Economic Analysis will release the July PCE price index report on Wednesday, August 26, which will serve as a critical signal for Federal Reserve monetary policy. Inflation Read more…