US headline CPI rose 0.2% mom, 2.9% yoy in July. The year-over-year rate was unchanged from June’s 2.9% yoy and missed expectation of 3.0%.

However, core CPI rose 0.2% mom, 2.4% yoy. The year-over-year rate accelerated from June’s 2.3% yoy and beat expectation of 2.3% yoy.

Canada employment grew 54.1k in July, more than double of expectation of 24.0k. Unemployment dropped from 6.0% to 5.8%, matched expectation.

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Dollar strengthens mildly after the release, and there is prospect of extending today’s rise against the vulnerable Euro, Sterling and Aussie.

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