The US Dollar appreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 26 pips or 0.19% right after the release. The Greenback continued trading at the 1.3220 level against the Canadian Dollar.
Statistics Canada released the Canadian CPI data, which came out worse-than-expected of negative 0.4% compared to the forecast of negative 0.3%. Note that the US Retail Sales data was published at the same time.
According to the official release: “Prices for goods (+1.3%) rose at a faster rate year over year in September than in the previous month. Conversely, prices for services (+2.2%) rose at a slower pace year over year compared with August.”
