Published on FXDD (http://forex.fxdd.com)
Forex Trading News: CAD CPI Data Released Higher Than Forecast
By Mr. Danish FX
Created May 21 2008 - 6:02am

The CAD Core CPI comes out at 0.3%  from the previous 0.2%.  0.2% was forecast for this release as well.

The CPI comes out at 0.8% from the previous 0.4%.  This release was forecast for 0.4%.

The CAD gained some serious momentum across the board after this better than forecast release.  This comes off record oil prices already dragged down the USDCAD consistently through the overnight session.

 


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