The CAD/CHF currency pair remained stuck in a tight trading range on Tuesday, as market players awaited the Canadian CPI inflation data for August due out later today.The median CPI inflation probably
CAD/CHF confined in narrow range with Canada CPI in sight
The CAD/CHF currency pair remained stuck in a tight trading range on Tuesday, as market players awaited the Canadian CPI inflation data for August due out later today.
The median CPI inflation probably eased to 2.3% in August, according to market consensus, from 2.4% in July. The latter has been the lowest rate since mid-2021.
The trimmed-mean core inflation rate, the Bank of Canada’s preferred measure of underlying inflation, probably slowed to 2.6% in August from 2.7% in July. The latter has been the lowest rate since June 2021.
In the meantime, CHF traders will be also paying attention to Swiss trade data for August due out on Thursday.
As of 11:08 GMT on Tuesday the CAD/CHF currency pair was inching up 0.08% to trade at 0.6215.
Best Exchanges
Open a Demo Account and Hone Your Trading Skills
A World-Class Trading Experience
Low Spreads. Safe Trades.Trade confidently with FBS: superior conditions and exceptional security standards.
Manchester United's Official Online Financial Trading Platform Partner
One of the best brokers for low spreads, trading conditions and execution
Get VIP treatment with ZERO spreads (for 90%+ of the trading day) + low commission (max 3.5 USD per lot per side) MT4/MT5
Brokers News
