Canada: CPI (Jul) rose 2.1% YoY

FXStreet (Edinburgh) - Canadian headline consumer prices rose 2.1% on a year through July, missing forecasts for a 2.3% gain. On a monthly basis prices contracted 0.2%, vs. -0.1% expected. The Bank of Canada Core CPI rose 1.7% over the last twelve months and dropped 0.1% inter-month.

Aug 22, 2014

Canada Consumer Price Index - Core (MoM) declined to -0.1% in July from previous 0%

USD/JPY loses the 103.80 level after Canadian data

The US Dollar was extending its recovery from 103.50 versus the Japanese Yen to trade as high as 103.80; however the pair wasn't able to hold prices and following the Canadian inflation and retail sales report, it is now falling to 103.70.