CAD: Focus On CPI On Friday; A low Print To Put CAD Under Mild Pressure – Barclays

Barclays Capital FX Strategy Research notes that the focus of CAD traders will be on Canada's CPI on Friday.

"We forecast CPI to have been flat on July, and annual inflation to reach 1.2% y/y from 1.0% in May. Energy and gasoline prices will again likely pressure headline inflation down, but attention will be put in the core measures.

Subdued inflation is likely to prevent the BoC from sustained interest rate hikes, and a low print could put mild downward pressure on the loonie," Barclays argues.

Source: Barclays ResearchOriginal Article