This week investors will be turning their attention to the CAD with the Building Permits released by the Statistics Canada on Tuesday, which tend to cause some volatility to the currency, and on the USD with the FOMC Meeting Minutes scheduled on Wednesday along with the CPI report expected to be published on Friday.
Despite the fact that forecasters don’t see a major gain for September’s core CPI, they do see energy-related strength for the overall CPI.
Currency traders will carefully examine the detailed insights regarding the FOMC’s stance on monetary policy for clues regarding the outcome of future interest rate decisions.
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