Forex in 60 Seconds: Canadian CPI Ensures Bank of Canada Rate Cut Next Week

Published April 18th, 2008 - 01:15 GMT
Al Bawaba
Al Bawaba



 ·          Drop in Canadian core CPI gives the Bank of Canada the green light to cut rates next week.
 ·          Dollar gains despite plunge in Philly Fed Index to 7-year lows.

Stories to watch on DailyFX

·          Will Friday's Canadian data help the USD/CAD rally to continue? Find out in Cross Market Reactions.
·          View our 2008 Second Quarter Currency Forecasts.

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