Canada July CPI +1.3% vs 1.4% expected

• Prior was 1.2% exp
• Overall CPI at 123.1 vs 123.2 exp
• Core CPI 1.4% vs 1.5% y/y exp
• Core CPI 0.0% vs 0.1% m/m exp

Nothing is working for the Canadian dollar these days as USD/CAD rises for the sixth consecutive day, touching 1.0569 but it has quickly come off, down to 1.0546.

relentless USDCAD as shown on the hourly chart