Canadian CPI Boosts Loonie, Yet Overshadowed by Sterling’s Strength

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-cad71.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-cad71.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-cad71-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Canadian Dollar jumps against US Dollar in early US session. The move is primarily attributed to Canada’s CPI data, which came in stronger than anticipated, signaling persistent inflationary pressures. Despite this uptick, CAD is not leading the pack, as it faces stiff competition from others, including the buoyant Sterling. Pound’s significant rise can be traced […]</p>
<p>The post <a href="https://www.actionforex.com/action-insight/market-overview/532474-canadian-cpi-boosts-loonie-yet-overshadowed-by-sterlings-strength/">Canadian CPI Boosts Loonie, Yet Overshadowed by Sterling’s Strength</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>