Canadian Dollar Forecast: Cool CPI Prompts a USD/CAD Bounce Off 50-Day EMA Support
Source: Forexcom - https://www.forex.com/en-us/news-and-analysis/canadian-dollar-forecast-cool-cpi-prompts-a-usd-cad-bounce-off-50-day-ema-support/
Published: Jul 20, 2026 11:02 AM
A week after a similarly below-expectation report from the US, Canadian inflation cooled more sharply than expected in June, easing concerns that the recent energy-driven increase was spreading across the broader economy. Headline CPI slowed to 2.8% y/y from 3.2% in May, while prices fell -0.4% m/m.
Medium Impact
USDCAD
USD
US