Tariffs Drive USD/CAD: Watch for Inflation Data Tonight
The persistent influence of tariffs continues to shape the USD/CAD market. Focus shifts to upcoming January inflation figures expected later today. As analysts from Danske Bank report, these figures could have a considerable impact on future currency movements. The anticipation of economic indicators is critical, especially as they relate to inflation expectations in Canada. Should inflation disappoint, we may see increased volatility in the USD/CAD pair. Traders need to remain alert to news and market reactions as data releases approach. Staying connected with current events will empower traders in their decision-making.
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