- Canadian Dollar traded down against the Greenback, but stuck within one-tenth of one percent.
- US CPI inflation figures cooled in-line with median market forecasts.
- However, investors had set themselves up for further declines after this week’s tumble in US PPI inflation figures.
- US CPI inflation broadly printed as markets expected, with core CPI inflation ticking down to 3.2% YoY from the previous 3.3%.
- Both headline and core CPI ticked up to 0.2% MoM, also as-expected.
- Annualized CPI also shifted lower to 2.9% in July, below the forecasted hold at 3.0%.
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