USD/CAD puled away from 1.2799, the pair lowest since June 24 to hit 1.2859.
The pair was likely to find support at 1.2714, the low of June 24 and resistance at 1.2976, Monday’s high.
The U.S. Commerce Department said consumer prices were unchanged in July from a month earlier, compared to expectations for a 0.1% gain. Year-over-year, consumer prices increased 0.8%, below expectations for a gain of 0.9%.
Core CPI, which excludes food and energy costs, increased by 0.1%, below forecasts that had expected it to remain in line with the 0.2% advance seen in July.
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Mirza
PCM Brokers DMCC
The pair was likely to find support at 1.2714, the low of June 24 and resistance at 1.2976, Monday’s high.
The U.S. Commerce Department said consumer prices were unchanged in July from a month earlier, compared to expectations for a 0.1% gain. Year-over-year, consumer prices increased 0.8%, below expectations for a gain of 0.9%.
Core CPI, which excludes food and energy costs, increased by 0.1%, below forecasts that had expected it to remain in line with the 0.2% advance seen in July.
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Mirza
PCM Brokers DMCC
