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The Canadian dollar fell sharply after headline CPI unexpectedly declined and core inflation slowed more than expected. Traders moved to price an earlier BoC rate cut, while the yen weakened after the BoJ raised rates for the first time in 17 years.
Earlier expected BoC easing weakens the loonie and reflects broader currency volatility, with minimal direct effect on feed commodity prices.
actionforex.comMarketPulseMar 19, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
