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USDCAD Intra-Day Fundamentals - Bank of Canada Core CPI and 75 pips price movement

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by , 12-18-2015 at 07:11 PM (1161 Views)
      
   
2015-12-18 13:30 GMT | [CAD - CPI]

if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - CPI]= Change in the price of goods and services purchased by consumers. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
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The Consumer Price Index (CPI) rose 1.4% in the 12 months to November, after increasing 1.0% in October.
Gasoline prices continued to moderate the year-over-year rise in the CPI in November, but to a lesser extent than in October. In November, the gasoline index was down 10.6% year over year compared with a 17.1% decrease the previous month.
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USDCAD M5: 75 pips price movement by CAD - CPI news event
M5 chart


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