# C$ slides by most in 2 months on hot U.S. inflation data

> The Canadian dollar posted its biggest one-day decline in over two months on Tuesday after hotter-than-expected U.S. consumer price data boosted bets on aggressive Fed tightening. Wall Street fell and the U.S. dollar rose against major currencies. U.S. crude settled down 0.5% at $87.31 a barrel.

- Date: 2022-09-13 · published 2022-09-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39820-c-slides-by-most-in-2-months-on-hot-u-s-inflation-data
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger U.S. inflation and a firmer dollar weigh on dollar-denominated commodity prices and raise the cost of imported feed inputs for non-US buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | +0.2% | +0.6% |
| DXY | 2022-10-01 | [Korean Won Slides Most in Three Months as Dollar Jumps on US CPI](https://feedsoft.ai/events/39826-korean-won-slides-most-in-three-months-as-dollar-jumps-on-us-cpi.md) | -0.2% | +0.1% |
| DXY | 2022-06-10 | [Rand slumps almost 3% as hot US inflation data backs case for Fed rate hikes \| News24](https://feedsoft.ai/events/41269-rand-slumps-almost-3-as-hot-us-inflation-data-backs-case-for-fed-rate-hikes.md) | +1.5% | +3.7% |
| DXY | 2026-10-08 | [Mexican Peso dives on solid US data despite rising inflation](https://feedsoft.ai/events/17274-mexican-peso-dives-on-solid-us-data-despite-rising-inflation.md) | +0.3% | — |
| WTI | 2023-03-14 | [Oil falls to three-month low on inflation worries, U.S. bank shutdowns](https://feedsoft.ai/events/37044-oil-falls-to-three-month-low-on-inflation-worries-u-s-bank-shutdowns.md) | -9.5% | +9.1% |
| WTI | 2023-12-12 | [U.S. crude oil falls more than 3% on inflation worries](https://feedsoft.ai/events/32888-u-s-crude-oil-falls-more-than-3-on-inflation-worries.md) | +1.7% | +0.6% |
| WTI | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | +0.4% | -3.0% |

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/c-slides-hotter-expected-u-134639261.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.