All forecasts and opinions on 23 November 2018

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23.11.2018

USDCAD: Loonie Drops Despite Rising Inflation

It was a volatile day for the Canadian dollar and the Loonie was down 0.5% during the London session, with the USDCAD pair trading at around 1.3250. The Canadian inflation accelerated further to 2.4% year on year, while core inflation also ticked higher to 1.6% from 1.5% previously. Moreover, retail sales advanced a bit from 0.0% to 0.2%, whilst the ex transportation gauge moved higher to 0.1% from -0.4% previously. Positive data failed to boost the Canadian dollar and it dropped, as previously mentioned.

Peter Bukov

Quotes

	Symbol	Bid	Ask	Time
	AUDUSD
	EURUSD
	GBPUSD
	NZDUSD
	USDCAD
	USDCHF
	USDJPY
	XAGEUR
	XAGUSD
	XAUUSD

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