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Forex Trading News: CAD CPI Data Released Higher Than Forecast

Posted by Mr. Danish FX on Wed, 05/21/2008 - 7:02am in

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.