- The USD/CAD is maintained content before the inflation data of both countries.
- The US inflation rate is expected to increase 2.7% year -on -year in June, compared to 2.4% recorded in May.
- The Canadian CPI is expected to increase 1.9% year -on -year in June, compared to 1.7% in May.
The USD/CAD goes back after two days of profits, quoting around 1,3690 during the European hours on Tuesday. The torque depreciates while the US dollar (USD) is maintained content before the figures of the US consumer price index (CPI). Inflation data will provide new ideas about the monetary perspective of the Federal Reserve (FED).
It is anticipated that the US inflation rate is accelerated to 2.7% year -on -year in June, after the 2.4% increase in May. Monthly inflation is expected to increase 0.3%, compared to the previous rate of 0.1%. Meanwhile, the underlying IPC is expected to increase 3% year -on -year, and the monthly underlying inflation could climb at 0.3%, compared to the previous 0.1%.
However, the downward potential of the USD/CAD torque could be limited, since the US dollar could recover land due to new tariff threats after the last warning of the US president, Donald Trump, to impose “very severe” tariffs on Russia if a peace agreement is not reached within 50 days. In addition, Trump also confirmed that European allies will buy weapons manufactured in the US for billions of dollars, including patriot missile systems, which will be transferred to Ukraine.
The Canadian dollar (CAD), linked to raw materials, could face challenges as crude oil prices continue to depreciate in the midst of decreased concerns about a possible supply. This follows the warning of the president of the USA, Donald Trump, to Russia that it has a period of 50 days to agree on a fire. Trump threatened Russia on Monday, ending his war in Ukraine within that period or facing tariffs up to 100%.
On the Canada side, it is anticipated that the June IPC, which will be published on Tuesday, increases 1.9% year -on -year, above 1.7% in May. Inflation could have increased 0.1% in June, decreasing from the 0.6% increase in May. The next CPI data is expected to offer the Bank of Canada (BOC) new perspectives on inflation trends, which will help guide your decisions about interest rates.
Canadian dollar today
The lower table shows the change percentage of the Canadian dollar (CAD) compared to the main currencies today. Canadian dollar was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.14% | -0.07% | -0.04% | -0.13% | -0.24% | -0.29% | -0.34% | |
| EUR | 0.14% | 0.00% | 0.07% | -0.00% | -0.13% | -0.20% | -0.19% | |
| GBP | 0.07% | -0.00% | 0.08% | -0.01% | -0.16% | -0.23% | -0.04% | |
| JPY | 0.04% | -0.07% | -0.08% | -0.12% | -0.20% | -0.31% | -0.23% | |
| CAD | 0.13% | 0.00% | 0.00% | 0.12% | -0.10% | -0.22% | -0.04% | |
| Aud | 0.24% | 0.13% | 0.16% | 0.20% | 0.10% | -0.08% | 0.07% | |
| NZD | 0.29% | 0.20% | 0.23% | 0.31% | 0.22% | 0.08% | 0.19% | |
| CHF | 0.34% | 0.19% | 0.04% | 0.23% | 0.04% | -0.07% | -0.19% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Canadian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the CAD (base)/USD (quotation).
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.
