The Canadian Dollar tested higher on Thursday before falling back.
Canada saw an upswing in manufacturing inflation, to little effect.
Friday’s Canadian Retail Sales print to show a flat print.
The Canadian Dollar (CAD) drove into near-term highs early on Thursday before running out of gas and settling close to the day’s opening bids. A fresh acceleration in Canadian manufacturing inflation will add further pressure to the Bank of Canada (BoC) in the face of its acceleration of rate cuts throughout 2024, but immediate market reaction was limited.
Canada’s Industrial Product Prices and Raw Material Price Index both accelerated to the top end of their near-term ranges in October, kicking inflationary pressures on the high end at the manufacturing level of the Canadian economy. Despite the whipsaw in producer inflation pressures, The CAD saw little market impact from the low-tier figure as Loonie markets await Friday’s Canadian Retail Sales print.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
加载失败()