TODAY'S MARKET INTELLIGENCE
US CPI Beats Expectations Boosting Rate Hike Bets; USD/CAD Remains in High-Range Consolidation
English summary
US September CPI rose to 3.7% YoY, beating expectations and lifting the probability of a Fed rate hike in October to 31.6%, yet the dollar did not sustain gains. Meanwhile, potential easing of sanctions on 'shadow fleet' tankers under the Trump administration pressured oil prices, weakening CAD support. USD/CAD consolidated near 1.4200 amid mixed signals from US inflation data and interest rate differentials.
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