Prices in Canada aren’t rising – CPI hasn’t changed in December and Core CPI dropped by 0.3%. This was lower than the already low expectations. This reduces the chances for a rate hike in Canada. The Canadian dollar retreats against the US dollar.
USD/CAD now approaches parity once again after sitting at around 0.99 early in the day. The rise began before the release of the inflation figures, and is accelerating afterwards.
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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile