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USD/CAD Forecast June 18-22 – Canadian Dollar Trump-ed, double-feature Friday watched

“Things are only getting worse for the Canadian dollar” writes Yohay’s Google Profile for forexcrunch.com. Our latest podcast is titled Truce in trade and dollar domination Follow us on Sticher or iTunes. Dollar/CAD closed a turbulent week on the upside as trade concerns and the Fed pushed the greenback higher.The US dollar continued forward and trade concerns gave a boost to the pair later in the week when the US imposed tariffs on China. Source: forexcrunch.com Share This:

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Consumer inflation rising at fastest pace in 6 years, CPI shows

“Big picture: On guard for rising inflation, the Fed was already poised to raise a key U.S. interest rate” writes Jeffry Bartash for marketwatch.com. The numbers: A measure that tracks consumer prices shows the cost of living is increasing at the fastest pace in six years, reflecting a strong U.S. economy and ultra-tight labor market that’s stoking inflation.What happened: The increase in the cost of living last month was spearheaded by the rising cost of gasoline, medical care and shelter — rent and home prices.The consumer price index increased 0.2%…

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How this one monthly cost might be skewing inflation data

“But information about housing rent that both bureaus collect might lead to errors in the inflation rates, the Penn State researchers found” writes Maria Lamagna for marketwatch.com. Both of those indexes are designed to show price moves, based on the prices of a certain collection of consumer goods.In 2016, housing made up one third of the CPI and 42% of the core CPI, which excludes food and energy. Source: marketwatch.com Share This:

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Tokyo’s core consumer price index up 0.5%

“Tokyo’s core consumer prices rose in May at a slightly slower pace, another sign that there is still a long way to go until inflation reaches the Bank of Japan’s 2% goal” reports marketwatch.com. The core CPI, which excludes fresh-food prices, rose 0.5% in May from a year earlier, data from the Ministry of Internal Affairs and Communications showed Friday. In April, the national core index rose 0.7% from a year earlier, down from 0.9% in March. Source: marketwatch.com Share This:

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USD: April CPI Tilts The Odds In Favor Of 2 More Fed Hikes This Year Rather Than 3 – CIBC

“US consumer prices advanced 0.2% in April, leaving the annual rate accelerating a tick to 2.5%” writes Yohay’s Google Profile for forexcrunch.com. Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s US CPI report for the month of April. “Slowly but surely, inflation is heating up.US Core inflation came out at 2.1%, below expectations. Source: forexcrunch.com Share This:

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US March CPI -0.1% m/m vs 0.0% expected

“The number is a bit disappointing, especially after talk of a strong reading yesterday on the heels of PPI. The Fed is publically confident that inflation is coming but at some point there needs to be proof it’s truly accelerating” reports forexlive.com. The tricky thing is that some one-off factors that depressed inflation last summer will boost it in the months ahead.June inflation is especially primed for a jump. Source: forexlive.com Share This:

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Tokyo consumer price gains lost steam in March

“Separate employment data showed slightly less tightness in the labor market, though unemployment remains near a multi-decade low” writes Megumi Fujikawa for marketwatch.com. The core CPI excludes volatile fresh food prices.The core CPI, which excludes fresh food prices, rose 0.8% in March from a year earlier, data from the Ministry of Internal Affairs and Communications showed Friday. Source: marketwatch.com Share This:

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Gold slips as dollar firms ahead of CPI report that could shift Fed rate-hike pace

“Gold prices retreated Tuesday as the dollar firmed ahead of a reading on U.S. consumer-level inflation that could push the Federal Reserve into more-aggressive interest-rate moves this year” writes Rachel Koning Beals for marketwatch.com. Read: Here’s the ideal amount of gold to keep in your investment portfolio Consumer prices are due at 8:30 a.m.The ICE U.S. Dollar Index DXY, +0.12%  was up 0.2% at 90.062, and if that action continues, the dollar could notch its first gain in thee sessions.Despite recent gains, net speculative positions in silver are still only…

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