Canadian Core CPI Rises 0.4% In May, USDCAD Recovers !

forex sales
forex sales

The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

The Core Consumer Price Index rose 0.4%, from 0.1% in the previous month, core CPI was expected to rise 0.3% last month.

(Year-Over-Year) Core CPI fell 2.2%, from 2.1% in the previous month, (YoY) core CPI was expected to fall 2.1% last month.

On the other hand, Core Retail Sales fell  -0.6% , from 0.7% in the previous month , Core Retail Sales was expected to fall 0.3% last month.

Canadian Consumer Price Index rose 0.6%, from -0.1% in the previous month,  Consumer Price Index was expected to rise 0.5% last month.

Market Impact : As long as 1.2234 support holds on a 4 hour closing basis, the USDCAD remains in recovery mode, but recovery above the 1.2234 levels should be limited by the 1.2351 levels where fall resumption is likely, below 1.2234 will open 1.2125 levels..

Canadian Core CPI Rises