US Monthly PPI will be announced on Friday at 15:30 MT time.
The loonie awaits the important release
Information is not investment advice
Canada will release the level of CPI on August 21, at 15:30 MT time.
The consumer price index is defined as the change in the prices of goods and services that are usually purchased by a customer. It accounts for the majority of overall inflation. Last time, the indicator declined by 0.2%. Despite that, the release was still better than the forecast of -0.3%. As a result, the Canadian dollar strengthened.
• If the level of CPI is higher than the forecasts, the CAD will rise;
• If the level of CPI is lower than the forecasts, the CAD will fall.