FOREX TradingCharts.com

Forex News: Canadian Dollar Retreats As Annual Inflation Slows

Canadian Dollar Retreats As Annual Inflation Slows

02/21/2023 - 10:23:00 (RTTNews)

(RTTNews) - The Canadian dollar eased against its major counterparts in the New York session on Tuesday, as the nation's annual inflation slowed more than expected in January.

Data from Statistics Canada showed that the CPI rose 5.9 percent year over year in January, following a 6.3 percent increase in December. Economists had expected consumer prices to increase by 6.1 percent.

Excluding food and energy, prices rose 4.9 percent on a yearly basis in January, following a gain of 5.3 percent in the previous month. Economists had expected a 5.5 percent increase.

The CPI rose 0.3 percent on a seasonally adjusted monthly basis in January, following a flat reading in December.

Core CPI, excluding food and energy, eased to 0.1 percent from 0.3 percent in the previous month.

The loonie retreated to 99.84 against the yen and 1.4403 against the euro, from its early fresh 2-month high of 100.30 and a 5-day high of 1.4327, respectively.

The loonie retraced its early gains against the greenback and touched a 4-day low of 1.3508.

The loonie eased to 0.9278 against the aussie, off an early 4-day high of 0.9237. This may be compared to a 6-day low of 0.9311 seen in the Asian session.

The loonie is seen finding support around 98.00 against the yen, 1.45 against the euro, 1.36 against the greenback and 0.94 against the aussie.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Indian Rupee Falls To 4-day Low Against U.S. Dollar (01 hr(s), 54 min(s), 31 sec(s) ago)
(RTTNews) - The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as reg ...Full Story»

Yen Rises Against Majors (02 hr(s), 21 min(s), 32 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against other major currencies in the European session o ...Full Story»

Euro Little Changed After German PPI Data (02 hr(s), 45 min(s), 32 sec(s) ago)
(RTTNews) - At 3:00 am ET, Destatis issued Germany's producer prices data for February. A ...Full Story»

Euro Falls Ahead Of German PPI Data (02 hr(s), 57 min(s), 32 sec(s) ago)
(RTTNews) - At 3:00 am ET, Destatis is scheduled to issue Germany's producer prices data for F ...Full Story»

Australian Dollar Slides As Traders Remain Cautious (04 hr(s), 03 min(s), 32 sec(s) ago)
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in th ...Full Story»

Australian Dollar Retreats Against Majors (05 hr(s), 30 min(s), 32 sec(s) ago)
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in th ...Full Story»

U.S. Dollar Falls As Bank Worries Recede (03 min(s), 32 sec(s) ago)
(RTTNews) - The U.S. dollar declined against its major counterparts in the early European session ...Full Story»

Commodity Currencies Rise Amid Risk Appetite (02 hr(s), 57 min(s), 32 sec(s) ago)
(RTTNews) - Commodity currencies such as the Australian, New Zealand and the Canadian dollars stre ...Full Story»

Search

FOREX NEWS

Indian Rupee Falls To 4-day Low Against U.S. Dollar

03/20/2023 - 03:57 AM (RTTNews)
(RTTNews) - The Indian rupee weakened against the U.S. dollar in afternoon deals on Monday, as reg ...Full Story>>

Yen Rises Against Majors

03/20/2023 - 03:30 AM (RTTNews)
(RTTNews) - The Japanese yen strengthened against other major currencies in the European session o ...Full Story>>

Euro Little Changed After German PPI Data

03/20/2023 - 03:07 AM (RTTNews)
(RTTNews) - At 3:00 am ET, Destatis issued Germany's producer prices data for February. A ...Full Story>>

Euro Falls Ahead Of German PPI Data

03/20/2023 - 02:55 AM (RTTNews)
(RTTNews) - At 3:00 am ET, Destatis is scheduled to issue Germany's producer prices data for F ...Full Story>>

Australian Dollar Slides As Traders Remain Cautious

03/20/2023 - 01:50 AM (RTTNews)
(RTTNews) - The Australian dollar retreated from recent highs against other major currencies in th ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.