The USD/CAD is maintained above its 100 -day mobile average in 1,4247, BBH FX analysts report.
High inflation and negative growth perspectives are a ballast for CAD
“Inflation in Canada was high in February. General inflation rose to 2.6% year -on -year (consensus: 2.2%) compared to 1.9% in January. The underlying inflation (average of the cut and medium IPC) was accelerated to 2.9% year -on -year rise on consumer prices, since taxes paid by consumers are included in the CPI. “
“The general and underlying CPI inflation is above the projection of the Canada Bank (BOC) for the first quarter of 2.1% and 2.5%, respectively. The involvement is that the BOC has a limited margin to make politics more flexible to compensate the ballast to the growth of high uncertainty in commercial policy. The combination of high inflation and unfavorable growth perspectives is an unfavorable growth. Cad. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
