FX Handover: Canadian CPI boots CAD ahead of FOMC
Fawad Razaqzada June 19, 2019 1:54 PM
A summary of news and snapshot of moves ahead of the US session.
- GBP has been the strongest so far on the day ahead of the BoE rate decision tomorrow after a slight beat in UK core CPI and as Boris Johnson softened his tone towards Brexit
- CAD higher after Canadian Median CPI rose to 2.1% from 1.9% year-over-year. The headline CPI month-over-month figure printed 0.4% vs. +0.1% eyed.
- Other commodity dollars lower as equities pause for breather and in holding pattern as investors await the Fed rate decision. With the markets discounting a (slight) chance of a rate cut, we could see a knee-jerk minor bounce in the buck and dip in stocks if the Fed stands pat.
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